I’m generally wary of writing about data.
Numbers are a different language from words, the former developed primarily for quantifying, measuring and, in my case, stultifying.
Words on the other hand, being the general-purpose tool evolved over lifetimes of use and abuse, have the unenviable task of deal with the amorphous category of the immeasurable.
So while I can throw data on to a blank page, it generally looks much prettier when vomited onto a chart.
|That's quite a lot of money.|
The chart shows the growth of 60k, with an annual 12k investment, compounded at 8% per annum, will grow to roughly 2.2m in 30 years. The key question in this case is to find an investment that can reasonably be expected to compound reliably at 8% yearly for 30 years.
I’ve been told early-stage Ponzi schemes make excellent investments, but they seem to be in short supply.