Sure, money managers have a significant interest in lying about their likelihood of outperforming market averages (6.6% real return in the last 100 years, by the way, not 5%), but their fees don't mean that "compound interest is a lie."
Compound interest isn't magic, it's just pretty simple math.
Sure, money managers have a significant interest in lying about their likelihood of outperforming market averages (6.6% real return in the last 100 years, by the way, not 5%), but their fees don't mean that "compound interest is a lie."
Compound interest isn't magic, it's just pretty simple math.