2nd pillar scam?

[rolandinho]

@SwissDan

Firstly, shares have historically returned more than 4.5% p.a. (closer to 7-8% in CHF over a long period, depending on market).

It’s more like around 5-6% in CHF, if you take a “long period” and include exchange rate changes.

Which makes 4.5% look a tad pessimistic, but still simply a good safe value.

Share your net worth progression

Don’t forget most international returns and all US returns will be in USD. The USD depreciated 0.7% p.a. to the CHF last hundred years. And in the last 20 years that depreciation has even accelerated (>2%p.a.), with no end in sight. And I saw @Cortana 's unit on the y axis is CHF. So I’d subtract 1% from an “average return of 6%” if measuring the returns in CHF.