[quote]Pointing Out the Obvious wrote:
[quote]agip wrote:
When adjusted for inflation, CD returns from 1983-2012 averaged 2.05% (an amount K5 has referred to as "inconsequential").
Wow are you stupid or dishonest. I have done just the opposite, noting that historically one could get safe investment return in excess of inflation. And that has been taken away from us.
Seeing as how you looked at CDs right thru 2012, I think we can fairly conclude that if we look at rates thru 2000, the returns adjusted for inflation were quite a bit higher than 2%.
Who benefits from a system where one has a successful career and accumulates a couple of million dollars over several decades but is forced into betting a big part of it on equities in order to get any kind of income from his investments?
The bookies. That's who. Those who charge you to buy and sell and to advise you.