The Living BriefAI guide to Aaron’s work

Answers use reviewed public summaries with links to the source pages. This guide is not Aaron speaking.

A few useful places to start

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Back to AAA

An investing illustration

See what steady investing could build.

Move the inputs. Compare money added, a hypothetical balance and what that balance could buy. A smooth chart is a useful explanation, not how markets behave.

No forecasts.
No connected accounts.

Educational illustration. These assumptions are not AAA returns or forecasts. AAA is not accepting investment through this site.

Dollars contributed$70K$70,000 over 20 years
Nominal ending value$128K$127,984 · before fees and taxes
Ending purchasing power$78.1K$78,105 in starting-date dollars
Return path

Month 24020.0 years from the start

Contributed
$70,000
Nominal value
$127,984
Purchasing power
$78,105
Illustrative contributions, nominal value and inflation-adjusted purchasing powerUse the month slider and readout below or the annual table for exact values. This is a hypothetical path, not a forecast.$0$32K$64K$96K$128KYear 0.0Year 5.0Year 10.0Year 15.0Year 20.0Month 240 · nominal value$127,984.10

The smooth path applies the same effective monthly rate throughout. It omits market volatility. Try the bumpy path to see why the order of returns matters when money is added along the way.

Contributed dollars are nominal cash paid in. Purchasing power discounts the ending balance to the starting date; subtracting nominal contributions from that figure would mix price bases.

See the annual values
Illustration at each year end; contributions occur at month end
YearContributedNominal valuePurchasing power
0$10,000$10,000$10,000
1$13,000$13,568$13,237
2$16,000$17,315$16,480
3$19,000$21,249$19,731
4$22,000$25,379$22,992
5$25,000$29,716$26,265
6$28,000$34,270$29,551
7$31,000$39,052$32,853
8$34,000$44,073$36,172
9$37,000$49,344$39,511
10$40,000$54,880$42,872
11$43,000$60,692$46,256
12$46,000$66,795$49,666
13$49,000$73,202$53,103
14$52,000$79,931$56,569
15$55,000$86,995$60,067
16$58,000$94,413$63,599
17$61,000$102,202$67,167
18$64,000$110,380$70,772
19$67,000$118,968$74,418
20$70,000$127,984$78,105

Regular purchases

The same dollars buy
a different number of shares.

Each fictional purchase below is $100. A lower price buys more shares; a higher price buys fewer. Change the prices and watch both the share count and ending value.

Three hypothetical $100 purchases, without fees
PurchasePriceShares bought
1$1001.0000
2$801.2500
3$601.6667

$300 contributed$235.00 ending value-$65.00 gain / loss

Regular investing does not remove volatility or protect against loss. Investing income as it arrives also differs from holding an available lump sum in cash to invest it later; the latter can miss gains while it waits. Investor.gov definition · FINRA on the tradeoff.

What the numbers mean

More dollars.
More buying power?

Inflation changes what money can buy. Here, purchasing power is the nominal balance divided by the assumed cumulative rise in prices. Actual household spending and future inflation will differ. The BLS explains how the CPI measures price changes across a representative basket; this illustration uses your assumption, not a CPI forecast. BLS: understanding the CPI.

Monthly effective return
(1 + annual return)1/12 − 1
End-of-month balance
Prior balance × (1 + monthly return) + contribution
Starting-date purchasing power
Nominal balance ÷ (1 + annual inflation)elapsed years

The bumpy path adds a fixed oscillation to cumulative log returns and returns to the same terminal growth factor. It is an invented teaching device, not a realistic market model. Contributions interact with the path; deposits are not investment returns.

No stock, fund, cryptocurrency or allocation is recommended here. A negative assumed return can reduce capital; a longer horizon does not guarantee a profit.