Reply to I know why Millenials can't afford houses and pay off their student loans..

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Assuming a return of 6% per year?

Let's talk in a year.[/quote]

Better yet, let's talk in 5 years. 6% may be too low an estimate but I like to be conservative. But if you really think that way, you ought to pull all that money out of the stock market and buy some gold from William Devane. [/quote]

If the stock market averages 6% per year over the next 5 years, I will pull all my money out and give it to you.[/quote]

Right. 6% is such an inflated annualized return. How about this:  I am confident that my 35k will have grown to more than 38k in 5 years. If so, my choice paid off. Yes there's risk that I could lose money or be flat in 5 years - the market is risky. I'm willing to take that chance on a relatively small amount of money.

When did you purchase your two homes? I can nearly guarantee you you'd have been better off paying the minimum on a loan at 4-5% and investing the difference in an s&p index fund[/quote]

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