Journal
Plain writing on the long game.
No hot takes and no tips. Just the arithmetic of compounding, fees and time — the same arithmetic this whole site is set in.
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The decade is the unit, not the year
At 7% real, a pound doubles about every ten years. Once you measure in decades instead of years, most financial decisions get simpler — and a few get urgent.
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A 1% fee is not 1% of your money
A percentage fee sounds small and behaves large. Compounded across a lifetime, one point of annual charge quietly takes a decade's worth of growth. Here is the arithmetic, and why we charge a flat fee instead.
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