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How Investment Advisors Rip You Off with Ramit Sethi (Netflix's "How To Get Rich")

Erika Taught Me

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The Impossibility of 20% Returns

There is no investment that can predictably return more than 20%. People need to hear everybody saying this. Over the course of the long term, it is effectively impossible for 20% returns. The best way to go is just invest in a low cost, SMP 500 and next fund. Let it ride out over 20, 30, 40, 50 years. And if you're watching this, it's actually a much better sign because they've chosen long-term investing, sensible investing.

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