Actually you know what, last time I came to the conclusion that someone's portfolio was pretty good because:
1. I remember once he mentioned that he had half of the assets in cash.
2. He's retired, so his investment mix must be pretty conservative －－ much of it would be in bonds or even money market I guess. Actually I doubt he holds any individual stock.
3. 2000-2005 are not good years for US economy.
Given the above, I think 4-5% per year is quite good.
Salute from a junior cadet.
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Signature: Show me your balls and I'll show you mine.
