Investment rate of return is the easiest metric to use when determining success and failure of your financial life. It's also the easiest metric to use when correlating it with your future consumption. I made a lot of money this year in my investment account, which means I will be able to afford to spend more in retirement.
This is dangerous thinking, especially when its your primary focus of deciding whether to hire a financial advisor or not. There is so many other details that become more important than investment rate of return when retiring that should be looked at along with a portfolio's rate of return.
In this podcast episode, Derek will go over why investment rate of return is a poor metric to use when deciding to hire a financial advisor. He will also touch on a few other areas you should be more concerned about when making this type of decision.
Enjoy the show!
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