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410 - Your “Average Return” Is NOT What You Earned

Somebody can honestly tell you he averaged 25% a year on your money, and you can still have exactly what you started with.

This is the Wednesday Special Edition, where Jason brings this week's What's Real? newsletter to you in audio. Every week he takes one lie most people believe and shows what's actually true.

He starts with the Beardstown Ladies, 16 women from a church basement in Illinois whose investment book sold more than 800,000 copies on a 23.4% average return. When an accounting firm finally checked, the real number was 9.1% a year, while the S&P 500 returned 14.9%. Then Jason takes…

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