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Originally Posted by Red
Good luck with all that. Really. Life is not that simple. You will find out sooner or later.
Also, talk is cheap. Talking about investing it and earning that kinds of returns is one thing, actually doing it is a whole other thing.
I invest in Mutuals, I've earned about 10% per year on average, which is not bad. But I invested my own money so I can afford to sit on them IN PEACE when markets are down. People that have huge debts can't. They usually opt out and lose in the end. That's a fact.
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So... your general response to the facts and points raised against your 'rant' is 'life is not that simple'.
Maybe not; but financial life has a set of rules and facts legislated and encoded into law. You can actually talk about these rules and facts without having to 'actually be in the market' to get the rules and facts straight. Math doesn't change in relation to your investments. You said 3% is what one can expect off RRSP's. In you first year alone, factoring in your tax return, your return could be higher than 30%. Oh... but I guess 'life is not that simple'?