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To: Jon Koplik who wrote (118903)5/18/2002 8:16:19 PM
From: Joe Btfsplk  Respond to of 152472
 
Yeah, you're right. Preposterous to suggest to kids, especially ghetto kids, that thrift & investment might pay.

I believe the S&P compounded at 7 1/2%, inflation adjusted, for some 70 years. That through the Depression, WWII, LBJ, Nam, the influence of Keynes, etc. If some youth tucks away and invest the equivalent of a pack of butts every day, he'll probably be real disappointed when he gets to old.