I think a realistic approach is 10.5 percent to 11 percent, ... That's the long-term average.
More Quotes from Phil Cook:
Make sure the distribution of your assets is right for your particular goals, that your risk versus return is an appropriate tradeoff, and that the same people are managing your mutual funds.Phil Cook
You also should make a list of where each document is kept and ensure that your family members know where it is. Usually, one person in the family unit is the organized person, the go-to person, ... If that person passes away, it can be tough for the others.
Phil Cook
The most important resolution people can make is one to create and stick to a sound budget.
Phil Cook
That doesn't factor in mortgage costs, but they wouldn't reduce those returns dramatically either. Of course, when prices are falling, leveraging can work in reverse. But that's infrequent with real estate. As long as you can service the debt, I think you're better off with the mortgage.
Phil Cook
The debt-free mentality is largely the product of emotion - how nice it would be to never make a mortgage payment again. Good debt gives you some leverage that helps you increase your net worth.
Phil Cook
I'm not saying this is good, but it is more accurate and provides a clearer picture of what's going on.
Phil Cook
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IT is curious that, with my somewhat antinomian tendencies, I should have gone to Trinity Hall - which was, and is, before all a Law College - and should thus have been thrown into close touch with the legal element in life.
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