101 Investing Tips
15) When planning for long-term goals assume that your overall portfolio will earn 5% to 6% a year.
This is pretty arbitrary but it does take in account that there are ups and downs. A 10% return in one followed by a flat year has a simple average of 5%.
16) Start early.
This one of the most important recommendations that I can ever emphasize. If you start at age 25 and put away $50 per month until you are 65 and earn a 7% compound return that portion of your retirement nest egg will be $264,000
15) When planning for long-term goals assume that your overall portfolio will earn 5% to 6% a year.
This is pretty arbitrary but it does take in account that there are ups and downs. A 10% return in one followed by a flat year has a simple average of 5%.
16) Start early.
This one of the most important recommendations that I can ever emphasize. If you start at age 25 and put away $50 per month until you are 65 and earn a 7% compound return that portion of your retirement nest egg will be $264,000
posted by Chip at 7:32 PM
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