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The Water Cooler
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Biden wants to increase taxes on all you rich working peeps.
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<blockquote data-quote="Rez Exelon" data-source="post: 3567973" data-attributes="member: 5800"><p>I swear I don't know why you're making this hard. All that chart is doing is calculating compound interest with extra steps. 20 years, 20% year over year, annual compounding, on a 5k initial = 191,688 assuming you put money somewhere, park it and don't do all your squirrelly doodles to need to take into account anything else. Because in this perfect world scenario you're imagining a need to move everything annually to continue getting 25%. Heck, at the point simplify it out to just putting it one spot the whole time @20% and call it good in dreamland. Either way, you do you. I'll see you on Forbes someday I'm sure.</p></blockquote><p></p>
[QUOTE="Rez Exelon, post: 3567973, member: 5800"] I swear I don't know why you're making this hard. All that chart is doing is calculating compound interest with extra steps. 20 years, 20% year over year, annual compounding, on a 5k initial = 191,688 assuming you put money somewhere, park it and don't do all your squirrelly doodles to need to take into account anything else. Because in this perfect world scenario you're imagining a need to move everything annually to continue getting 25%. Heck, at the point simplify it out to just putting it one spot the whole time @20% and call it good in dreamland. Either way, you do you. I'll see you on Forbes someday I'm sure. [/QUOTE]
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