Reply to When does contributing to your portfolio start to feel pointless?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why are people LOLing the 10% average annual return?  That’s absolutely been the case for a very very long time.  [/quote]

Because the average doesn't matter when the market crashes 20%. Or you have years of stagnation. Or you have high inflation.

Nobody should plan on 10%.[/quote]

Really?  I started contributing to the max that I could to a 401k in 1988 when I joined Biglaw.  I retired early in 2015.  My entire portfolio was in the S&P 500 the entire time.

The S&P 500 returned an average of 11.09 percent for the 27 years that I worked, and since retiring ten years ago it's returned on average over 12 percent a year.  So, for me at least, we're talking well over 10 percent per year on average for the last 37 years.  That's a looong time.  If I got a dime for every time I read that I was making a mistake -- and invested in the market -- I'd be even richer.  [/quote]

37 years is not even a lifetime.

You had lucky timing. And made far more than most Americans while you worked.

Be grateful, not smug. [/quote]

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