Also, $150 in 1975 is the equivalent of $650 in today's money. If a person could set aside an extra $650 a month (in real dollar terms), every month, for 30 years I guess the stock market would have delivered some good returns. There are downturns of course, but I've heard that the overall trend is line go up.
What the author is doing is dishonest, though, by pretending like $150 is as doable then as it is now. $150 in 2021 is equivalent in purchasing power to about $29.98 in 1975. I suspect if the author plugged in these numbers, the return would be much less impressive.
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Also, $150 in 1975 is the equivalent of $650 in today's money. If a person could set aside an extra $650 a month (in real dollar terms), every month, for 30 years I guess the stock market would have delivered some good returns. There are downturns of course, but I've heard that the overall trend is line go up.
What the author is doing is dishonest, though, by pretending like $150 is as doable then as it is now. $150 in 2021 is equivalent in purchasing power to about $29.98 in 1975. I suspect if the author plugged in these numbers, the return would be much less impressive.