Re:Amazon warehouse workers 'peed in bottles' fearing punish...
by athenot on Monday April 16, 2018 @03:51PM
(#16852121)
He's a mixed bag. Some sound advice, in particular the parts about living within one's means; but there's also things that are utterly unrealistic, like:
> If you were to invest that (...) into a good mutual fund with a 12% rate of return, you would have over $100,000 in 10 years! At 20 years, you would have made $470,000. And at 30 years? That mutual fund would be worth $1.6 million!
Maybe I'm not savvy enough but I have not encountered mutual funds that will reliably sustain 12% over three decades.
> If you were to invest that (...) into a good mutual fund with a 12% rate of return, you would have over $100,000 in 10 years! At 20 years, you would have made $470,000. And at 30 years? That mutual fund would be worth $1.6 million!
Maybe I'm not savvy enough but I have not encountered mutual funds that will reliably sustain 12% over three decades.