I'm confident of generating returns with reasonable risk. No worries.
Quote:
Originally Posted by lazyplane
Let me see if i got it right.
Your stock and bonds is now 500k and if you put $100k in for the next 8 years, that is 800k and brings it to $1.3m .
Assume you start off with this position from year 0, that means you have to grow this portfolio by around 5%- 6% yoy.
By seeking >6% returns, you need to may need to take on more equity and securing non AAA bonds. Remember you are growing your retirement egg. To me ,seeking such returns with so little time is akin to gambling at casino.
I really dont doubt you and hope you are able to do it . Hopefully you have achieve similar returns in the past ,but if so, i dont see why @ at 52 your networth is as posted because you are talking about achieving returns which about half your annual package
Anyway, good luck. I seriously hope you succeed.
They do say the Gods favour the brave.
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