dr 🛠️🛰️📡🎧:blobfoxcomputer: on Nostr: Sure, the #stockmarket went down today. We are still up >2.6% for the year. Let's say ...
Sure, the #stockmarket went down today. We are still up >2.6% for the year.
Let's say you wanted #market growth of 6% for the year. This is an average-to-pretty-good growth rate.
On a daily basis, that's .49% compounded daily. (1.0049^365 = 5.95)
August 5th is day 218 of the year. 1.0049^218 = 2.9.
In other words, we are basically right in the middle of the road.
Take advantage and buy index funds on sale.
Let's say you wanted #market growth of 6% for the year. This is an average-to-pretty-good growth rate.
On a daily basis, that's .49% compounded daily. (1.0049^365 = 5.95)
August 5th is day 218 of the year. 1.0049^218 = 2.9.
In other words, we are basically right in the middle of the road.
Take advantage and buy index funds on sale.