Many invest for the wrong reasons...many however invest for unknown reasons?!
So, what is/are your reason for investing?
Name 3 top reasons to justify why you invest?
1) GREED?
2) TO BEAT the market!
3) Just for fun!!
Tell!
Passive income!
It's an interesting hobby that is time flexible.
invest to grow wealth
my goal is to build a million dollar portfolio by age 40
after that I would be able to semi retire ^^
not full retirement
semi nia, meaning no need do full time job
can do side line ma, like online business, tuition or part time lecturing etc
(05-06-2013, 06:53 PM)opmi Wrote: [ -> ]Can retire on $1m meh?
A $1 million portfolio yielding 5% dividend gives rise to tax-free income of over $4k a month.
I want something like this lifestyle and including the nice boat
boat is a Lagoon 380 cat not cheap, can cost up to US$500k, berthing annual upkeep will set back even more. What is the final figure 2-3mil ? Investing to reach this will take a long long time by then I will be an old man.
If big sweep touch I will go for it cost only $3 to buy a hope
(05-06-2013, 06:07 PM)felixleong Wrote: [ -> ]invest to grow wealth
my goal is to build a million dollar portfolio by age 40
after that I would be able to semi retire ^^
It is not difficult to achieve 1m by 40.
Because of high inflation or fiat currency, i believe average household would have that amt in 10 yrs time..
Aim higher... 3m maybe, if u cannot achieve it at least u could have 1.5m...
Seriously i worried for those left behind, there is no way for the lower income to play catch up.
actually how much for retirement depends on your lifestyle and when you retire how much monthly income you need to sustain that life style
currently I am single and I work from home, monthly expense about 1k only
so a million dollar portfolio yielding 5% would be more than enough for me
really depends on what the individual wants, if one were to travel around the world maybe he would need 3-10 mil? i really dunno too