Several of you have recently either mentioned or invested $200 000 in the Copy with me with the purpose of either retire or go part-time.
With that, we have run few calculations and one of the most important ones is to run a simple projection of compound interest of initial capital of $200 000 and 20% per year.
We assume no additional deposits and look at 5-year Horizon. The table below includes the initial amount, interest per year, total (initial + interest) as well as monthly income (interest divided by 12).
YEAR Initial Interest Total Monthly Income
1 $200.000,00 $40.000,00 $240.000,00 $3.333,33
2 $240.000,00 $48.000,00 $288.000,00 $4.000,00
3 $288.000,00 $57.600,00 $345.600,00 $4.800,00
4 $345.600,00 $69.120,00 $414.720,00 $5.760,00
5 $414.720,00 $82.944,00 $497.664,00 $6.912,00
As you can see, even in Year 1, we are generating 3.3K a month, which in many places around the world is sufficient to live on. In places like Thailand and many others - this assures total financial freedom.
Importantly, we are also able to double the Initial amount in less than 4 years. At the end of Year 5, we have a nice half a million ($0.5M).
Now, this is for illustrative purposes only. Naturally, not everyone has or aims to have $200 000, not every year can be 20% up, there are years where it is higher, but also years where it can be below 0.
In finance, in terms of time horizon, 0-5 years is short, 5-10 medium and 10+ is long. Take that in, especially that many people think more in days/weeks/months here.
In is important to have financial goals and projections in order to accomplish goals in life. It is an imperative function of Private Banking and Wealth Management. Since you are here already and I consider my portfolio as an equivalent to these options, we may as well do some simple financial planning.
I wish all of us to get to this sum and above so that we can enjoy the eToro Feed while sipping margaritas on a rooftop pool overlooking a marina somewhere :)) I will naturally have them alcohol-free and still stare on my screens, but you can all enjoy for me :)
𝙒𝙝𝙖𝙩 𝙖𝙧𝙚 𝙮𝙤𝙪𝙧 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙜𝙤𝙖𝙡𝙨?
Please comment below,
MJ
PS. All my investments and portfolio are public. To join eToro please follow the link: https://bit.ly/3i7Yo3C
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