I don't question anyone's number unless they are extremely high or extremely low.
We are all at different points in our lives and a lot of what we have is related to our age and/or income.
I do understand that is very difficult to calculate exact yields unless you use software and keep very detailed records. I also think there are some selective responses during the polls which have a tendcy to skew the numbers. As other's have mentioned dollar values can be before tax or after tax, pensions can be included or not included, some are adjusted for inflation some or not. So the numbers can jump around.
Where I do question are people that just come on to the board and say they have like 8 - 10 Millions dollars and they are 22 - 28 years old. It’s not impossible to be in this situation, but without a detailed coherent story on how they got there, I would assume it’s not true.
We are all at different points in our lives and a lot of what we have is related to our age and/or income.
I do understand that is very difficult to calculate exact yields unless you use software and keep very detailed records. I also think there are some selective responses during the polls which have a tendcy to skew the numbers. As other's have mentioned dollar values can be before tax or after tax, pensions can be included or not included, some are adjusted for inflation some or not. So the numbers can jump around.
Where I do question are people that just come on to the board and say they have like 8 - 10 Millions dollars and they are 22 - 28 years old. It’s not impossible to be in this situation, but without a detailed coherent story on how they got there, I would assume it’s not true.
