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Reply to "When did you hit $1m in networth?"
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[quote=Anonymous]Yeh, that "compounding interest" concept has not been working with my IRA. I know that all the sharp folks on DCUM beat the market but I'm pretty much moving up and down with the average: 14 years ago I rolled over an old employers' 401k into my IRA and have been putting money into it ever since. The DOW was around 9,800 in early 1999. Today the DOW is around 14,000. A stunning 2.5% average annual interest rate. Maybe I'll balance that with my timing of the real estate market that had me buying a house in 2005. [img]http://www.greatlifequotes.org/wp-content/uploads/2011/03/homer-simpson.jpg[/img][/quote]
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