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it doesn't seem responsible to promise people 9% returns in perpetuity! a lot of the time this advice is given to people who are paying higher rates on debt, w
by anonymoushn 5y ago
it doesn't seem responsible to promise people 9% returns in perpetuity!
a lot of the time this advice is given to people who are paying higher rates on debt, which also seems troubling.
- kelnos 5y agoThat's a very good point about debt. If you have any debt where the interest rate is above a reasonable investment rate of return, pay off that debt before putting money toward retirement. Speaking of debt (to more directly answer OP's question), pay off your credit card, in full, every month. If you can't do that, you need to adjust your lifestyle downward until you can.
- ix101 5y agoA 30-fold return is achievable with just over 7 percent average return after 5 decades. No guarantees of course but with diversified investments it's probably not much of a stretch. Stock Market crashes have typically recovered relatively quickly and continued on up.