Quote:
Originally Posted by McLovin
I remember a few years ago, a lot of Pelicans here said you'd have to be "an idiot" to not be able to average at least a 20-25% return in the stock market.
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Your plan sounds simplistic.
The guaranteed winner was:
1) Extract equity from home.
2) Invest in equities at 14% return.
4) 10% appreciation of home + 14% return on equities = happy days
What could possibly go wrong?
To the OP, a plan for investing and income is not effective unless you pay attention to debt, debt interest payments, and expenses. You can make a buck of income go farther if you minimize Uncle Sam's cut, eliminate debt, and keep expenses manageable.