Question
In the course of a conversation with your 30-year-old friend Chris, he tells you: Last year I put $10,000 into a mutual fund. The return
In the course of a conversation with your 30-year-old friend Chris, he tells you:
Last year I put $10,000 into a mutual fund. The return on that fund over the year was 25%. At this rate, if I keep investing the same amount every year until I retire, I wont have any financial worries.
What do you need to caution Chris about?
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
10th Edition
026204627X, 978-0253337535
