Let be realistic about investing and rate of compounding investment return.
See for yourself the number of years you will need to reach your first million dollars from your initial capital size!
Your Account Size Really Matters!
Then you decide your investing strategy.
Go for growth-dividend or dividend-income stocks?
No free lunch to reach your first million dollars!
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Newbies keep asking about Method.
ReplyDeleteFewer will know that Mind and Money Management matters more than Method. Your long-term investing success will depend on Mind and Money.
Ask how can you add more investing capital but make 100% sure that your emergency fund is well taken care of. You and your family are reasonably covered by insurance.
Make very sure that you don't need to liquidate some of your portfolio to cover future expenses in the next 5 - 7 years.
7 years is what I would recommend as it could reasonably cover a full bull-bear-bull market cycle.
You JUST need to survive the market cycle without having to force sell your assets during market low to support expenses. You will have good chance to recover.
You can reference the table to find how many years you need or have to reach your goal?
ReplyDeleteWhat is the rate of return you need to have?
What is amount of capital you need
etc
Different view. Different perspective. Happy viewing
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ReplyDeleteThe tapestry of living your financial life is so much more than any table of numbers can give you. Be careful!
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