10-01-2013, 08:59 PM
(10-01-2013, 03:24 PM)cannew Wrote: Note that there is no mention of dividends or dividend growth.
(10-01-2013, 08:37 PM)EricL Wrote: I expect my income to grow at least twice that rate between reinvestment of dividends and increases in dividends declared by companies I own. I guess there's something to be said about under promise and over deliver?
Interesting read, though whenever I see assumption upon assumption piled up like that I get a bit wary. Though it is a good point about it being easier to predict average temperatures for the next decade than it is to predict the weather next week.
As you both identified, I'm assuming those returns are capital growth only and do not include dividend reinvestment or growth -- which are our secret ingredients!