Why You Should Be Skeptical of Financial “Rules of Thumb”
Prairie Eco-Thrifter
MAY 1, 2013
While they can be helpful when it comes finding a starting point, rules of thumb should be approached with a degree of skepticism. Another difficulty has to do with the fact that rules of thumb related to stock market returns don’t always work out, either. Rules of thumb are often used to make various financial decisions.
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