
Examples of IRA investing use a rate of 8+% compounded int. Which IRA invs did this well over past 10 yrs?
I do not know of any 401K or IRA available investments in any of the plans I have from 3 jobs that would have provided an actual return any where near 8-9% compounded interest per year over the past 10 years. What real investments would have done this well among commercially available mutual funds (growth, small cap, bond, etc), and how do I pick one of those? I’ve never seen one. The good picks are break even over that time period, and the absolute best choices may have increased by 50% in 10 years. I don’t see how anyone doubles or triples their retirement investing in 10 years. It seems like a game played by financial advisors to take people’s money. You would have been better off buying real estate in NYC than investing in your retirement by 100, 200% or more.
Have you even looked at a mutual fund screen? There are tons out there that beat your 8% bogey. Your claim that the best ones are breakeven over 10 years is absolutely ludicrous. Here are a couple of very, large very well known funds that I can think of off the top of my head…
American Funds Growth Fund of America (the largest mutual fund out there) 10 year average return: 12.94% as of 12/31/06
Legg MAson Value Trust 10 year average annual return: 12.14%
Marsico Growth: 10 year average annual return: 8.16%
Fidelity International Discovery: 10 year average annual return: 11.24%
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