Posted in Finance, Accounting and Economics Terms, Total Reads: 1979
Definition: Rule of Thumb
There are a variety of “financial rules of thumbs” in order to help the investors to apply financial theory to practical applications. These include rules that address methods and procedures for to save, invest and retire. Rule of thumbs are might be applicable to a wide audience, at the individual level and under unique circumstances, it might not be useful or applicable at all.