The issue is he is telling this story from 2009-today in a frothy market. Yes, historically markets have gone up 9.2% on average over the last 50 years in a balanced portfolio but what happens if he invests from 2003-2008. It's a little different story. It's hard to use long term data for a short term notion.
Going forward, we are in a different environment where 9% might not be the annual return. Interest rates are almost nothing and not going back to late 70's level in the foreseeable future.
Going forward, we are in a different environment where 9% might not be the annual return. Interest rates are almost nothing and not going back to late 70's level in the foreseeable future.