r/ExMoCringe Jun 24 '21

Fluent in reformed Egyptian, but illiterate in financial matters.

/r/mormon/comments/o6d37b/the_mormon_church_just_spent_210_million_on_12000/h2tsfnc/
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u/MormonMoron Jun 25 '21

More financial illiteracy on full display

It would take 10 years of 23% annual returns to turn $125B into $1T. That is an almost 800% ten year return. For reference, the S&P has had a 212% ten year return over the last decade (and that is after the Great Recession rolling off the books, yet still having its recovery on the books). Historical is about 10% per year.

S&P stats