Interesting to see “the days of easy money are over” and “only 40% returns a year now” in the same sentence.
We obviously have different needs and wants on returns.
Everything is relative. 40% a year for a stock index fund is phenomenal, but not compared to cryptocurrencies, which have had life-changing returns in just a few short years.
Take Ethereum, for example.
On Oct 21, 2015, its price was just 4 cents. But, by early January, 2018, Ethereum had skyrocketed to over $1,432!
Similar returns were achieved for many other cryptocurrencies as well.
Does 40% annually still sound good to you?
My point is that there is a stark contrast between the absolutely mind-boggling returns that cryptocurrencies at large used to achieve, versus the returns that that they get now.
Yes, you can still make money with this asset class, but the gains are likely not going to change your life the way it did for the pre-2017 investors. By that metric, we long missed the boat.