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3.7% of $300,000 is $11,000.00

3.7% of $300,000 is $11,000.00

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@averagejoe1 removed their quoted post
Here's the historical returns on the stock market since 1930: https://www.macrotrends.net/2526/sp-500-historical-annual-returns

In only two years in that time did it achieve the returns Joe is talking about the last one being 1954. An average year is something like 10% overall but only 7.5% over the last 30 years.

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@no1marauder

I wish I’d bought ten shares of Apple 30 years ago. Sigh.

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@no1marauder said
Here's the historical returns on the stock market since 1930: https://www.macrotrends.net/2526/sp-500-historical-annual-returns

In only two years in that time did it achieve the returns Joe is talking about the last one being 1954. An average year is something like 10% overall but only 7.5% over the last 30 years.
3.7 of 300k is $11,000. Returns for July Dow, Nasdaq average.
A 'history'; of July.

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@AverageJoe1
Well then, now you have PROOOOF it is ALL Biden's fault.

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@averagejoe1 said
3.7 of 300k is $11,000. Returns for July Dow, Nasdaq average.
A 'history'; of July.
Hey Joe look at me crying about some poor soul with 300,000 spare to invest only getting an 11,000 return 🐊😥
Even if that’s what your babbling about

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@averagejoe1 said
3.7 of 300k is $11,000. Returns for July Dow, Nasdaq average.
A 'history'; of July.
3.7% of 300k is 11,100.

And I'm crap at math.

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@moonbus said
@no1marauder

I wish I’d bought ten shares of Apple 30 years ago. Sigh.
It was penny stock 20 years ago...and even if you ahd invested in 2020 you would have made a nice sum.

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@suzianne said
3.7% of 300k is 11,100.

And I'm crap at math.
Well, if you had saved $15,000 a year for the last 10 years would be 150,000… Which would have netted you about $5000 in July

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@averagejoe1 said
Well, if you had saved $15,000 a year for the last 10 years would be 150,000… Which would have netted you about $5000 in July
$5550.

You're even more crap at math than I am.

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@ponderable said
It was penny stock 20 years ago...and even if you ahd invested in 2020 you would have made a nice sum.
Apple stock split 7-for-1 in 2020, so, yeah.

That 10 shares would be 70.

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@suzianne said
$5550.

You're even more crap at math than I am.
I said 'about'., You are a meany, I could just scream!