Anonymous
When do you expect to reach the $500k or $1M milestone for an individual?
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Hariz Arthur Maloy
07 Mar 2020
Independent Financial Advisor at Promiseland Independent
Won't disclose the numbers but I started at the end-ish of 2017. So I missed most of the big gains of that year.
2018, I didn't lose money while most equity markets was in the negative and 2019 did pretty well, outperforming most benchmarks.
In total I have about a 15% annualized gain since inception on a pure equity portfolio.
But most of my returns for the next 10 years will still be how much capital is injected and not the return.
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Pang Zhe Liang
07 Mar 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
Assume that we invest $20k annually for the next 20 years at a growth rate of 5% per annum.
At the ...
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23 years
and
(undisclosed, sorry)
In the beginning even with good performance the absolute gains are small, you need a lot of patience to stay course.
when You reached several hundred thousand SGD and your good performance
persists, it is incredible what happens ... choose wisely ...