Aim: to generate €3,000,000 within 20 years.
If all goes well with my current business this will happen within 5 years. If not, i will aim to achieve this within 20 years. I will be researching and applying the principles of good investing. Sometimes i will win, sometimes i will lose. Whatever happens i will not lose focus.
I will not be overly frugal and live in "poverty", i will also not be overly extravagant. I will focus on the end game but enjoy life on the way. To me, this means enjoying great trips, restaurants and fine wine.
This blog will be used as a scrap book for ideas as i (anonymous) live this journey.
The current situation (as at 1st February 2012) €51,387
Investment grade wine
|
€27,252
|
hsbc fund
|
€8,228
|
cash
|
€6,106
|
shares
|
€9,801
|
bonds
|
0
|
property
|
0
|
Aim - invest €50,000 per year at 10% return per year.
Timeline
year
|
10%
| |
1
|
2011
|
€ 55,000.00
|
2
|
2012
|
€ 115,500.00
|
3
|
2013
|
€ 182,050.00
|
4
|
2014
|
€ 255,255.00
|
5
|
2015
|
€ 335,780.50
|
6
|
2016
|
€ 424,358.55
|
7
|
2017
|
€ 521,794.41
|
8
|
2018
|
€ 628,973.85
|
9
|
2019
|
€ 746,871.23
|
10
|
2020
|
€ 876,558.35
|
11
|
2021
|
€ 1,019,214.19
|
12
|
2022
|
€ 1,176,135.61
|
13
|
2023
|
€ 1,348,749.17
|
14
|
2024
|
€ 1,538,624.08
|
15
|
2025
|
€ 1,747,486.49
|
16
|
2026
|
€ 1,977,235.14
|
17
|
2027
|
€ 2,229,958.66
|
18
|
2028
|
€ 2,507,954.52
|
19
|
2029
|
€ 2,813,749.97
|
20
|
2030
|
€ 3,150,124.97
|
I expect to use a number of assets vehicles;
- investment grade wine
- stocks
- bonds
- property
- managed funds
- cash
Date: 29 January 2012
No comments:
Post a Comment