The inflation and tax adjusted return on the SP 500 (all dividends reinvested) for the last 90 years is about 7% per year.
Since 90% of investment professionals UNDERPERFORM the SP 500 over any given 10 year period, an annual 6% asset tax is literally insane.
Speaking of micro-returns on your money, did you know that a “lepton” is (was) 1/100th of a Greek drachma?
The Greeks use the Euro now, no more drachmas.
Anyway - I like your screen name “lepton,” which, as I recall, commonly refers to irreducible particles like electrons and neutrinos.
Speaking of micro-returns on your money, did you know that a lepton is (was) 1/100th of a Greek drachma?
Yes, I did. My “about” page references that: A small sliver of silver.
Both meanings are an admonishment of my small significance. :)