The Basic Back of the Envelope Math

Before Bengan did this research, there wasn't really a cess around it. What people used to do was say, well, historically speaking, you have a portfolio that's invested in uno half stocks, half bonds. The average return is six % or seven%. Therefore the the basic back of the envelope math was that olca, you can take out six % per year, seven % per year. And on the surface, yot made sense. But when there are bad years, when you do have those less than six % years, the super, super basic math wils,. ok, if you take out again, about the amount of your average for fuller returns, you should