Couple of weeks ago, I was interviewed by CNA Money Mind, sharing my advice with 20-year old Eugene Low, on how to hit his $1,000,000 goal by 33 years old as a Singapore Investor. I also shared this with my LinkedIn community too.
Eugene has a starting capital of $50,000 and 13 years timeline to reach his target.
First things first… is this goal achievable?
Btw, you can watch the full interview here:
Hitting million dollars solely from a capital of $50,000 means he needs to compound at least 26% annual returns on his stock portfolio over the next 13 years.
Based on Eugene’s capital and time horizon, it’s a bold goal. But it’s not impossible.
I’ll explain.
You see, there are super-investors who have consistently achieved such returns over the same period, or even longer — Peter Lynch, Joel Greenblatt and even Warren Buffett.
However, we also need to know investing for maximum returns leaves little room for error (and stressful)....