At 5% annually since 1957, it would have just passed the 1 million mark
last year, looking at (substitute dollar for pound sign, which I can't
find) $1,092,283.81

See now that's not so much, is it



Captain Joe Redcloud wrote:
During several prolonged periods between 1957 and now, you could have been
making a LOT better than 5% without a lot of risk. Then there is compounding...


That was compounding, stupid. It's that math thing.

That 100k could be a LOTTA moola by now.


And I suppose 1,092,283.81 is not?

I'm fairly certain that even my gardener has a net worth of over a million
dollars. He'd have to. Starter homes near here (1000 square foot ranch on 1/4
acre) routinely go for about 600k. There's nothing less than that. Median house
price is well over a million.

Look up the definition of net worth. Then get back to us.

DSK