Is increased investment growth worth consulting fee

Reference no: EM13152694

Now, suppose that you can hire a consultant, for an additional $8 000 per month, to help improve your investment choices. The effect will be to increase the mean rate of investment growth from 12% to 12.5%. (The standard deviation of the monthly growth rates will remain 60%.) Is the increased investment growth worth the consulting fee?

Reference no: EM13152694

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