LF Equity Income (Woodford)

[jamesbrown]

I don't think Warren Buffet has ever said he is a superstar investor. His mantra has always been the marvel of compound interest. In simple terms, if you invest in American Equities and stay in (don't jump about) then after a number of decades you will be a multi-billionaire. It's this belief that accounts for the huge share of tracker investment.

I don't think anyone accused him of saying that(?)

That's some might impressive compound interest though. The IPO for Berkshire Hathaway A class shares was $19 in 1964. They're now worth $335,720.00, 55 years later. Compound interest of, say 5%, each year would put the expected investment at 19*1.05^55=$278.

Also the "you invest" for a "number of decades" and "multi-billionaire" makes some pretty heroic assumptions about your starting pot.

[Cirrus]

Keep up with the times!

some pretty heroic assumptions

The growth rate would be 19.5%. However I'm concerned you are doing this old-fashioned facts thing. People didn't vote in Don Trump or Boris Johnson because of facts. People didn't vote for Brexit and Sovereignty because of facts. My story sounds good, That's all that matters nowadays.