Financing Survey
Hey all, I'd like to take a quick survey of the group. Basically, when you bought your Trailer/RV, did you finance? But, lets go a little deeper. Not just did you finance, but these questio...
Forum Discussion
lbrjet wrote:
Average annual returns are misleading by design. It is simply a number made up by Wall Street to make returns look better than they really are(except if the market never goes down). For example over a five year period your index fund goes down 50% followed by four years of 25% gains. Wall Street balances the + and - equally when they are not equal. Your mutual fund statement will say your average annual return is 10% for the past 5 years so you would think that if you invested $1000 now you have $1500, but in reality you only have $1220. Go figure.
Average annual return is not the same as average annualized return. In your example the average annualized return would be about 4%±.
