Posted By:
Gilbert MainesWesley: is 10% good or bad?
I bought a cd from the bank at less than 6% last year, and my initial mortgage on my current home was @ 17.5% (1981). So I don't know how you figure. Ive had mutual funds do better than 30% and Ive taken losses. Individual investments are all over the place.
I think that 10% annually is just a fine average target. How about you?
I don't have enuff money in cards for it to really matter.
Edited to add: if most carmel cards have doubled in the past year, then they have almost done as good as silver bullion.