ER,
Most people on this board should be savvy enough to be able to get a return of 3% annually on their investments, no?[/quote]
ltsdd,
Most people should be savvy enough not to over leverage, spend above their means, or lose incredible amounts of money on speculative investments. But it still happens every day in San Diego from people that I would deem to be intelligent.
Like I said before, people think they are more savvy than they are. It’s just plain human nature. It’s not just in investments. It’s in real life as well. People think they are thinner than they are, more beautiful, nicer, polite, funnier. The problem is those other traits don’t affect you as much as people that mistakenly thing they are more savvy with finances.
Yes, any reasonable person would be able to make more than 3% a year but no guarantees in life. Again, this isn’t for everyone. You just have to crunch all the numbers and look at your personal situation and tax rate and any applicable exemptions and see what is right for you.
