It’s a question we hear all the time: “What’s a good rate of return?” When clients invest money, they want to see it grow. But they also wonder what rates are “good” or “bad.”
As financial advisors, our job is to provide context by considering two critical factors: your tolerance for risk and the time horizon for the invested dollars. It’s essential to keep in mind that there’s no one-size-fits-all answer to this question because everyone’s financial goals are unique.
However, if you’re just looking to maximize rate of return and get rich quickly over a short period of time, that’s never a good idea. We encourage our clients to prioritize long-term wealth building over short-term gains. Join us for an insightful conversation about this idea and gain valuable insights on maximizing your returns over the long term.
In this episode, we’ll share:
- Why you want to “get rich long,” not quick. (2:51)
- What happened during the real estate and stock bubble in Japan? (5:38)
- Why you should know some key financial moments in time. (8:32)
The data shared in this episode was provided by Efficient Advisors & Evidence Based Advisors.
If you have any questions about how you can better prepare for your retirement future, don’t hesitate to reach out to Michael Schulte for help.
He’s a Financial Advisor and Certified Business Exit Planner at WestPac Wealth Partners. His daily mission is to help families and business owners make smart financial decisions so they can live on their own terms for the rest of their lives, regardless of what life events and opportunities come their way.
Call Michael at 702-767-4897 with any of your questions or email michael.schulte@westpacwealth.com.
