Loading ...Markets Don’t Compound
Morgan states that in 30-years, if the Dow grows at just 5% annually, it will hit 500,000. However, if the Dow actually compounded returns at 5%, in the future, as Morgan suggests, it would have done so in the past and would ALREADY be at 500,000.
But it’s not. We are just stuck here at a crappy ole’ 23,000.