By Dr. Charles Patterson, WCI Columnist

Expectations play an important role in your perception of success. While some may argue that lowering expectations is key to happiness, I don’t think that’s quite right—especially in an arena as personal and relative as personal finance. The individual investor has ample means of control: savings rates, investment selection, and even the amount of involvement and monitoring of a portfolio. With that much ownership, an entire universe of resources, and the wisdom of a support structure at one’s disposal, expectations for reasonable returns should be the norm.

For the moderate-income readers of this blog, it can be a bit of a bummer to read adverts for investment opportunities only to realize that your income or net worth does not meet the minimum to participate. It can be jarring to hear of colleagues whose tax bill is higher than your taxable income. FOMO ensues

Keep reading this article on The White Coat Investor.

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