Ok onto living modestly and having at least 2-3 million in hand.
Some forummers have said 15% is not likely. To that I say they are mostly right, while it is possible to do that over a bull run, it is more difficult over a longer period of time. The key words here is sustainability and certainty. There is no absolute guarantee. Even for a private sector job, we just would not know what's in store for the future.
So a sum need to be set aside for expenses to ride though the tough times. And in order to have better returns in the longer term, money need to be set aside for investing in tough times, that's where the greatest opportunities present itself. So the initial pool of invested monies can be at most just a portion of the total sum if you are going full time. The simple math of calculating returns on a per annum on the total sum just doesnt work. The investment cycle is not a straight line.
Some forummers have said 15% is not likely. To that I say they are mostly right, while it is possible to do that over a bull run, it is more difficult over a longer period of time. The key words here is sustainability and certainty. There is no absolute guarantee. Even for a private sector job, we just would not know what's in store for the future.
So a sum need to be set aside for expenses to ride though the tough times. And in order to have better returns in the longer term, money need to be set aside for investing in tough times, that's where the greatest opportunities present itself. So the initial pool of invested monies can be at most just a portion of the total sum if you are going full time. The simple math of calculating returns on a per annum on the total sum just doesnt work. The investment cycle is not a straight line.