Exactly 10 years ago, the Standard & Poor's 500-stock Index was at 1164; it closed Friday at 1239. That's an annualized average return of 0.63%. At that rate, it will take you 111 more years to double your money in the stock market.
0.63%?? Maybe you would have been better off putting that money into a savings account?
2 comments:
The tax advantages and employer match components of a 401(k) will crush any savings account out there. Rate of return alone is deceiving.
Many employers no longer match so, that's not a factor for many people. Little by little, employers are dumping the responsibility on the workers, until they've washed their hands of it.
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