I was checking the retirement account website tonight (yeah, I probably go there too much), and I saw something that caught my attention. With all the "sturm und drang" in the financial markets the past three years, all the talking heads have said forget about 8% returns in the markets, that the with the new normal we would be lucky to get 6%. So what do I see for what they have computed for my "return since inception" (2003 in my case)? 7.75%
The majority of my deposits have been in the past 4 years too (basically during all the chaos). Not sure what this means, if anything. I'm a good and steady investor? I was smart enough not to bail when the market tanked? I lucked out on the right funds? I'm just average? Hard to say. Even at this rate I won't get rich, but with a pension and SSI, I think I will survive just fine. Anyway, I thought this was an interesting counterpoint to all the market gloom on the news the past years.
Really? 8%? Who knew?
March 25th, 2011 at 01:20 am