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You know how long it takes to simply double $10k in an index fund? About 7 years.
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You know how long it takes to simply double $10k in an index fund? About 7 years.
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I think you overestimate the returns of index funds. The resent surge in
index fund investments has taken place during a bull market after the
2008 financial crisis. Therefore the returns are probably skewed to the upside,
because they wouldn´t be as good during a bear market. I´d even argue that a
future financial crisis could be worse due to ETFs, because they misallocate
capital.
Haha, yeah. I was being generous. Although ~6.5 years is how long it has taken the Dow Jones index to hit 100% returns today. From Jan 23, 2012 to today, to be exact.
Bitcoin returns over the same period are 116,240%.
