Downside of the 1% rule...

[John Williams]

Here's why I don't like the 1% rule...

A buy-and-hold investor should think long-term. 

The 1% rule doesn't matter as much if you have a 5-10 year investing horizon because it does not take into account appreciation or other benefits of holding (tax benefits, etc.)

The 1% rule stops a lot of folks from getting started. 

Think big picture.

Consider all the benefits of the investment over an extended period of time and get started! Take action! You'll thank me later!