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re: Coworker was propositioned with a ponzi scheme....- Updated-Gets Worse
Posted on 9/5/13 at 9:08 am to TJG210
Posted on 9/5/13 at 9:08 am to TJG210
quote:
So I stop by to shoot the breeze with a co-worker and he tells me of this friend he had in college who is making a crazy amount in the stock market (25%)
25% is crazy? I made 25% the past year on my index funds.
(although that is not typical, obviously, I don't consider it crazy - that's how 8, 10, 12 percent averages work - 3% 1 year, -1% the next, 16% the 13, etc.)
1
Posted on 9/5/13 at 12:08 pm to Ace Midnight
quote:
25% is crazy? I made 25% the past year on my index funds.
25% isn't unreasonable (or impressive) when you consider the Dow is up 24% from June of 2012 to today.
What should be scary is the "Guarunteed 25% return." In the stock market there is no such thing as a sure thing.
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