How much is reasonable?
4 years ago
I heard that if you had a million dollars you could live off the interest. With interest rates at 10%, that’d be 100,000$ a year before taxes. From what I see here in Canada, expecting 10% return on my investments is not that easy. Guaranteed returns hover around 4-5%, I think. Is it reasonable for me to expect at least a 7% return on my investments and what kind of instruments would I need to purchase to more or less guarantee this level of returns?
