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Re:Ask HN: Promoted, but Career Path Derailed by dangus on Monday February 03, 2025 @01:39PM (#42921308)
Throw 15 years of savings into the stock market and it will almost certainly double in value in 7 years.

It is most certainly transformative if you pretend you don’t have it for what amounts to a pretty short period of time.

Re:Ask HN: Promoted, but Career Path Derailed by closeparen on Monday February 03, 2025 @02:00PM (#42921530)
If you're saying "I'll just hang on in this job I don't like until I'm in this 8-15 range" you may find that it's not reasonable to make any big life changes from that position either; you still need to "pretend you don't have it" and keep going for another while.
Re:Ask HN: Promoted, but Career Path Derailed by dangus on Wednesday February 05, 2025 @05:17PM (#42956084)
Holding on to your job you don’t like for not that long to retire easily is an amazing privilege that most don’t have.
Re:Ask HN: Promoted, but Career Path Derailed by grumpy_coder on Monday February 03, 2025 @05:09PM (#42923959)
"it will almost certainly double in value in 7 years" implies 10% is an almost certain long term return. It is not.

10 years is a common rule of thumb to double your investment, this is a good guess since after adjusting for inflation, the real return of S&P 500 is about 6.8%. Which is about 10.5 years to double your investment.

(give or take S&P 500 being one of the best returns you will find historically)

Re:Ask HN: Promoted, but Career Path Derailed by dangus on Wednesday February 05, 2025 @05:15PM (#42956058)
10% is almost certain but yes I wasn’t adjusting for inflation.