Tax season is almost passed us, wondering how everyone did. I love reading these financial articles about how to save for retirement, and many still state some hilarious things like, "You need xxxxxx, expecting a 6% annual return"
Well it seems the average portfolio return is somewhere around there, but it can vary wildly of course.
Money in your pocket per year is losing buying power due to inflation -2% a year
Money in cash accounts will keep you about even with inflation 0% a year
Money in a well balanced portfolio may net you 3% in gains, with inflation
Maybe you are well versed in stocks, and you net a 5% gain, with inflation.
I remember double digit gains in the 90's, like that was "normal" :awe:
Well it seems the average portfolio return is somewhere around there, but it can vary wildly of course.
Money in your pocket per year is losing buying power due to inflation -2% a year
Money in cash accounts will keep you about even with inflation 0% a year
Money in a well balanced portfolio may net you 3% in gains, with inflation
Maybe you are well versed in stocks, and you net a 5% gain, with inflation.
I remember double digit gains in the 90's, like that was "normal" :awe:
