One year does mean something, but yes, it is somewhat misleading. For my TFSA since I opened the account, about 5 years ago, its always had a slight positive return. So, including this year, its had an average return of around 10% a year. My rrsp has existed much longer and the returns are much lower, around 4% a year. I will do a post about it.
Your one year returns look great, but one year doesn't mean anything. What are your long term returns?
ReplyDeleteOne year does mean something, but yes, it is somewhat misleading.
ReplyDeleteFor my TFSA since I opened the account, about 5 years ago, its always had a slight positive return. So, including this year, its had an average return of around 10% a year.
My rrsp has existed much longer and the returns are much lower, around 4% a year. I will do a post about it.