Quote:
Originally Posted by Giesela
Thank you for giving me a ballpark. Personally its the end number that matters. People who believe stocks are the way to go are always blah blah blahing down in the weeds about really complicated numbers.
How much did my money earn in average over x amount of years? That's what matters to people trying to figure out whether to put it in CD, or bury it in the back yard, or whatever.
And yes the person could suck at investments. Which is why its important to know that bottom line number. I suck at investments. I do not have some highly paid investment firm doing this for me. I do have the L fund managers at TSP doing just as badly as I did which does not make me happy.
So....a rough figure of 1.97. Barely better than the recent low rates at a bank. And probably going to get worse as I continue to lose in the downturn.
I think 401k's and stocks stuck for the average (or ok, below average) guy.
Feeling scared and p*ssed.
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Just because you did a really poor job mangling your investments doesn't mean equities aren't the way to go. We don't know what you were invested in or the true cost bases
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