Simple!
Uncle8888 shows this chart on How to do it by compounding
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Now, you may like to check with your parents, grand-parents, relatives, friends, colleagues, or your fellow cyber retail white hair or dyed hair folks and then do a count on the percentage of those folks you have polled have made it to $1M from $200K capital through compounding return.
Uncle8888 also believe many serious retail investors will have at least $200K capital over time.
How many of us think that if we work harder and smart, we may become CEO, CFO,CTO, CIO, CXX?
ReplyDeleteBe honest! No. Right?
This type of performance achieved in personal investment is like becoming CEO, CFO, CTO, CIO in investing sector. No?
Hi Uncle Temperament
DeleteCxx sounds vulgar ..hahaha you know i know
uncle CW took 10 years right?
ReplyDeleteHi CW,
ReplyDeleteCompounding always look so pretty on a chart. But in real life, it is a tough beast to ride on.
You need a large base of capital to start before any decent result can be attained within a human lifetime, while enduring all the market swings and heart attacks along the way.
Exactly!
DeleteThank you for the answer which I hope someone else says it and not from me. LOL!