What is the 7% rule in finance?
Excuse me, could you elaborate on the concept of the 7% rule in finance? I'm curious to understand how it's applied and what its significance is. Is it a standard principle that investors often follow, or is it more specific to certain financial strategies? Also, could you explain how it relates to risk management and portfolio diversification? I'm eager to learn more about this rule and how it can potentially impact investment decisions.