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Old 01-08-2011, 01:58 PM   #41
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I finally read the article after being transfixed by the elderly woman in the thong pic... I'm investing in dividend stocks, not mutual funds, some bonds...... I'm doing very well. I've posted my portfolio somewhere else before. Really there are good solid companies out there paying decent dividends.

My two cents.
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Old 01-08-2011, 02:39 PM   #42
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One statement that Bogle made that has me perplexed is:

"our economy grows at 5%".

Anyone know what measure of the "economy" he is using? It does not appear to me that GDP grows at 5%, so wondering what he is referring to.
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Old 01-08-2011, 02:48 PM   #43
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One statement that Bogle made that has me perplexed is:

"our economy grows at 5%".

Anyone know what measure of the "economy" he is using? It does not appear to me that GDP grows at 5%, so wondering what he is referring to.
If you look at *nominal* GDP growth (real growth plus inflation) this sounds about right.
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Old 01-08-2011, 03:05 PM   #44
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If you look at *nominal* GDP growth (real growth plus inflation) this sounds about right.
Thanks, I just looked at Wiki and yeah, I guess 5% is close for the last 7 years but I could have sworn that it was more like 3.07% from 1970-2010 in another source, just can't find it.
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Old 01-08-2011, 03:58 PM   #45
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If you look at *nominal* GDP growth (real growth plus inflation) this sounds about right.
There's inflation?
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Old 01-08-2011, 04:30 PM   #46
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There's inflation?
Only if you need to buy food or energy. Other than that, we're golden.
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