jreeves
Senior Member
- Feb 12, 2008
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- #61
I'm sorry, but that doesn't explain anything (I'm well aware of what capital gains are, so spare me the rhetoric). The stock market is ultimately limited to economic growth and dividends.
And no, you won't find thousands of articles that say the return for mutual funds will be 10-12%. They will say previous returns have been 10-12% and prior returns are no guarantee of future performance.
And your little conspiracy theory on Buffett is ridiculous. He's looking to buy individual securities, not the market anyway.
Where has Buffett made his fortune? I can see over a hundred years of perfermance is irrelevant to you but a period of 17 years which Buffet refers to is. Don't you think people usually pay SS taxes over 17 years in their lifetime?