Did he say at the end of ten years? I don't recall. In any event, for the last several years, the S&P 500 has averaged about 25% per annum, and for the last 20 years, it has averaged about 15% per annum. That, of course, is without monthly compounding. Still, it is pretty good.
I thought, in any case, that he was referring to the amount that would be available by retirement,including the money that was not individually invested, but I may have been distracted. I know that he pointed out that even certificates of deposit have a better rate of return than Social Security, and therefore that even such a conservative investment was a better deal. I will look into it, but I do believe that you misunderstood...... |
