Has anyone else paid attention to Housing prices? Wow

bobscuda67 said

Great! Tell us your secret!

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I invest in conservative funds that have a long track record of doing well. My father had his money in them and so do I. Even during the “Great Recession” we averaged over 8% return all through it. Last year I returned 15% and the previous year was 14%.

The fund is Capital Group American Funds - American Balanced Fund.

I manage my investments through Equitable Advisors and the returns I stated were net after their fees.

I like the American Balanced fund because it is conservative enough to reduce risk but reliable enough to get solid returns year after year. An 8% annual return means that my money doubles around every 9 years. $250k becomes $1 million in 18 years. Better returns in some years just speeds that up.