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Why would I guarantee something if I could avoid it? Investment returns are lumpy; some years you get +23%, other years you get -20% (probably 2008, for examp
by prewett 11y ago
Why would I guarantee something if I could avoid it? Investment returns are lumpy; some years you get +23%, other years you get -20% (probably 2008, for example), why would a fund manager offer a guarantee?
An average of 10% over a long period is doable; Berkshire Hathaway has averaged +15% for 40 years. Just because fund don't guarantee something doesn't mean it isn't doable.
- maxxxxx 11y agoWinning the lottery is doable too. So is making $20 million per year as golf pro. When people give investment advice based on the 10% average return (which they do) then it should be a pretty safe thing and easy to achieve for everybody. Otherwise it will be bad advice for a lot of people.