Quote:
Originally Posted by GloryDayz
Yeah, you're at the age where you have to minimize the risk to the portfolio. IMO, with these wild swings we're seeing in a scared market, well, it isn't worth taking the chance of another 2008.
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He’ll need to go the stocks route if he wants any hope of doubling his account twice in the next 15 years, though.
He’ll have to get very lucky but I believe he’d need an average of 10% return per year in order to double your investment in 7 years.