You’ll Want to Fire Your Financial Advisor After Hearing This
Erika Taught Me
Cautions and Realities of Investing: 7% vs. 20% Returns
Investors are cautioned against seeking investment returns higher than 20%, as such high returns are often unrealistic and may signify a scam. The recommended benchmark for comparison is a more achievable 7% return. When considering investment opportunities, it is advised to prioritize paying off high-interest debts, such as credit card debt at 20%, before aiming for higher returns in the market. While investing with student loans at a lower interest rate like 3% may be acceptable, aiming for consistent 20% returns is deemed unattainable and deceptive in the long term.
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