This article appeared in the Hong Kong Economic Journal on Feb. 22 2017 Investing about HK$19,000 every month in the same stock for 11 years A 33-year-old taxi driver in Hong Kong decided to retire in 2017 after 11 years in amassing 40,000 HSBC shares. He started since 22, DCA-ing every dollar saved to buy shares in HSBC Holdings (0005.HK). He started buying the shares when it was trading at around HK$150 a share and continued sticking to his commitment even when the stock plunged at one point to HK$33. As of January 2017, he was able to accumulate 40,000 shares, with a market value of around HK$2.6 million. Back then, it means he could receive an annual dividend payment of HK$160,000...
I thought it would be interesting to revisit an actual investment case example that was published in February 2017 and critic on whether it would work today. Everyone loves an inspirational story, will the following work or kill your retirement plans for you today?