It’s around $300,000 that’s when you can get your 9% return and have roughly median income in the US. Maybe 500,000 to be safe.
Of course it would. If you had $500M instead of $500k then none of those things would affect you in the slightest. Inflation could run at 20% for a decade and you could lose 80% of your capital in a series of bad investments, and your day to day quality of life would still be just fine.
It's like an american dream, but for poor.
You say 300k is the maximum anyone should have, people reply stating it's way too low. Ok, so what is the number, 600, 1M, 10M? Hint, we'll never agree and it's as clear as day to me.
Comments are also stating why 99.5% don't see why we take the "rich's" money. This thread is proof of why.
Even backtesting using a moving-window average should show different figures.
If you stay in good health, never have to purchase real estate or car then perhaps... but then you'll still have to live somewhere, commute somehow, and the life quality will be... of a poor person.