Quote:
Originally Posted by originalhypa
Interesting thread to come up today.
I just got an email from my money guy and it was interesting. For example, if you put this into a PIMCO managed fund when the fund started in 2012, you would have seen an average of 10.3% return per year. Your $50k investment would have nearly doubled in the last 7 years. That's not bad considering that your best bet on a standard bank account is going to be 2-3%. That said, you would have had to leave that money untouched in the bank for the last 7 years. That is the tough part, especially when you need a few bucks.
So fuck it. Go to Vegas and bet it all on black while banging two chicks at one time.
That's why I love RS.
Or be smart like Civicblues said, and TFSA that cash. At least you'll have some tax savings that won't eat up the principal.
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Or if instead of paying your "money guy" to invest in some PIMCO fund, you could have just bought an ETF yourself of the S&P 500 and from January 1 2012 to December 31 2018
you would have realized an average return of 13.27% and your $50k would have been $115.5k. If we included data from Jan 1 2019 to today, it would be up
another 17% on top of that.
If you are paying an investment advisor, and that's what he has recommended, you need to PM me and let me make a referral for you (I am not an advisor) - you are not getting your money's worth.
-Mark