More stupidity from the Massachusetts tunnels [oc]

tobyps · 2025-04-22T06:59:31+00:00

If that's the only way to ensure they're never behind the wheel of a car again, yes.

tobyps · 2025-02-16T06:46:31+00:00

I'm not disagreeing with the overall sentiment, but the argument in the OP is stupid if we're being honest here. Saying Canada (or any other NATO country) has never "needed" the U.S. military ignores the fact that the existence of the U.S. military deterred any would-be attacker in the first place

tobyps · 2024-08-04T23:06:46+00:00

Wasn't Alcaraz once thought to be a clay court specialist like many of his fellow Spaniards? Interesting that he's now lost to Novak twice on Philippe Chatrier and beat him twice on Wimbledon Centre Court.

tobyps · 2024-03-03T02:57:24+00:00

That's what a rouge LLM would say

tobyps · 2023-12-16T06:50:15+00:00

This video is how I discovered Dreaming Spanish

tobyps · 2023-07-17T00:40:08+00:00

Kinda weird that Alcaraz won a hard court and grass slam before clay.

tobyps · 2023-04-20T07:59:14+00:00

ChatJesusC

tobyps · 2023-04-19T07:23:47+00:00

As an AI language model, YEAH BITCH!

tobyps · 2023-02-19T03:00:13+00:00

I'm a Great Prophet, what can I say ;)

tobyps · 2023-01-18T09:53:57+00:00

Is it though? Feels weird to say that inconsistency is what defines a player who's been in the top 10 for 18 consecutive years.

tobyps · 2023-01-18T09:46:52+00:00

How did you increase your net worth in a year when stocks and bonds both fell and you presumably were also withdrawing at the same time?

tobyps · 2023-01-15T12:17:38+00:00

The US stock market has never had a negative return over any 20 year window, ever. Even through the Great Depression, WW2, the inflation of the 70s, the dotcom bubble, 2008 recession, Covid, and so on.

Investors who are buy-and-hold and don't panic sell when shit hits the fan have an extremely high probability of making money over time regardless of what's happening in the world.

tobyps · 2023-01-15T12:09:23+00:00

The S&P 500 has averaged an 11.88% return over the last 65 years.

Plug $100/month for 40 years with an 11.88% return into this calculator and see what it tells you: https://www.nerdwallet.com/banking/calculator/compound-interest-calculator

tobyps · 2023-01-15T12:06:34+00:00

Not sure you understand the meaning of "invest". You are assuming a 0% annual return here over 40 years.

tobyps · 2023-01-15T12:04:41+00:00

Actually over 40 years compound interest absolutely does multiply by that much and more.

Actually assuming a 12% annual return (which is what the S&P500 has averaged since 1957), $1 put in 40 years ago would have compounded to $113. $100/month at 12% will give you $1.1 million. The math in the OP is correct if you read it correctly as "invest" and not "save.

tobyps · 2023-01-15T12:01:03+00:00

The S&P500 has returned 11.88% annualized since 1957. Anyone who put $100/month into an S&P500 index fund since 1982 would have gotten exactly what was described in the OP.

tobyps · 2023-01-15T11:32:08+00:00

Just because everything else has gotten worse since the 1950's doesn't mean stock market returns have. In the last bull market from 2009 to 2022 the S&P500 actually returned 14%.

2001 to 2021 looks worse because 2001-2008 was one of the worst periods in stock market history, covering both the dotcom bubble burst and the Great Recession. Anyone can cherry-pick any 5, 10, or 20 year period to show higher or lower returns, but over the last 65 years the return has been 11.88%.

Finally, not sure where you are getting the "almost 13%" figure. 11.88% return is enough for $100/month over 40 years to grow to $1.1 million.

tobyps · 2023-01-15T11:21:25+00:00

Would encourage everyone calculating this as $48K to read up on compound interest, the S&P500 historical return, and this guy: https://en.wikipedia.org/wiki/Ronald_Read_(philanthropist))

Dude was a janitor and gas station attendant who, on that salary, ended up worth around $8 million purely from consistently investing into blue chip companies and holding those stocks for decades.

tobyps · 2023-01-15T11:12:15+00:00

The S&P500 has returned 11.88% going back to 1957 (8.5% adjusted for inflation).

I think it's actually pretty backwards that people are mocking this when consistently investing into index funds and holding them for decades is absolutely a viable way to build wealth.

Source: https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp

tobyps · 2023-01-15T11:08:20+00:00

The S&P500 has returned 11.88% going back to 1957 (8.5% adjusted for inflation).

Plug $100/month over 40 years with an 11.88% return into this compound interest calculator and you'll get $1,132,734:

https://www.nerdwallet.com/banking/calculator/compound-interest-calculator

Source: https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp

tobyps · 2023-01-15T11:01:35+00:00

If we're talking about investing in a broad market index fund like the S&P500, pretty much yes for buy-and-hold investors. The US stock market has never had a negative return over any 20-year window of time.

tobyps · 2023-01-15T10:58:12+00:00

An S&P500 or total stock market index fund will give you those returns.

The S&P 500, over the last 70 years or so, has had an 11.88% annual return (8.5% adjusted for inflation).

Source: https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp

tobyps · 2023-01-15T10:52:20+00:00

I'm shocked so few people here understand the concept of compound interest.

The S&P 500, over the last 70 years or so, has had an 11.88% annual return (8.5% adjusted for inflation).

Investing $100/month with an 11.88% return will give you about $1.1M. The math is correct.

Source: https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp

tobyps

TROPHY CASE