3 ms·
Hrm, I think you're forgetting about the most important money making tool available: compound growth. Let's assume the following: You invest your current 24,00
by lrm242 17y ago
Hrm, I think you're forgetting about the most important money making tool available: compound growth. Let's assume the following:
You invest your current 24,000 and each month you add 20,000 to your investment. Let's further assume that you can achieve an annual return of 3.5% and that return is evenly distributed over the year. In this scenario you'd end up with $520k after two years. You're half way to being a millionaire.
If you instead contributed $25k each month you'd end up with nearly $650k after two years. That's 50k above your contributed principal or an 8.3% return over two years. Further, your risk is significantly reduced over any other get rich quick scheme and this allows you to continue to focus on what you're doing.
- ticktock 17y agoAh yes, sounds of the old Bernie Madoff LLC slogan. No risk, all reward. Bear in mind - any one of the 24 months you're investment could loose 50%. Buy a tow-truck and become a repo-man. Business is good.
- Skriticos 17y agoRemember, that's not inflation adjusted. It's a common banking advice though. (Not a stupid one). As for your problem, do what most people say here: invest in the best asset you know: your business model. If you are very lazy, then just simply figure out how to let someone else do the work. And I wonder if you meant that question seriously? The wording sounds awfully naive.
- lrm242 17y agoNot inflation adjusted but given the short time frame near 0 inflation (in the US) means a small return still allows for growth. A 3.5% annualized return is also a very conservative target.