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Because it makes no sense. Otherwise, you're smart. (nm)
Posted on: April 29, 2012 at 20:56:09 CT
ArnoldBabar
MU
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there is only one "private" ssi scheme
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kbit
MU
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4/29 20:18:48
at 5% is basiclly doubles every 10 years
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tigerinhogtown
STL
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4/30 00:04:25
At 5% it actually doubles every 14.2 years
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SparkyStalcup
MU
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4/30 08:10:18
Use the rule of 72. Take the interest rate,
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GA Tiger
MU
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4/30 06:49:47
Those are two pretty big assumptions.
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Alferd Packer
MU
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4/29 20:49:29
To comment on only the math, it is basically correct. Which
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GA Tiger
MU
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4/29 20:36:12
fred mentioned compound interest as the key to the concept
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kbit
MU
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4/29 21:52:47
Compounding interest is the trick.
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ArnoldBabar
MU
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4/29 22:09:26
He said bond markets.....
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SparkyStalcup
MU
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4/30 08:13:46
over the course of 65 years?
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SoCalTigr
UM
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4/29 23:06:42
Tell me what 1% over 65 years is, Einstein.
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ArnoldBabar
MU
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4/29 23:16:00
Just doing it in my head, I say it'd be worth at least $9200
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GA Tiger
MU
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4/30 06:52:56
tell me what it would've been over the last 65 years.
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SoCalTigr
UM
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4/29 23:21:04
LOL.
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ArnoldBabar
MU
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4/29 23:30:09
why?
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SoCalTigr
UM
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4/29 23:32:25
I posted something like that the other day.
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SoCalTigr
UM
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4/29 20:32:44
Because it makes no sense. Otherwise, you're smart. (nm)
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ArnoldBabar
MU
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4/29 20:56:09
why wouldn't it make sense?
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SoCalTigr
UM
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4/29 21:24:35