11-04-2023, 05:10 PM
(10-04-2023, 10:23 AM)sgbuffett Wrote: To do this you need to compound at 26% a year. If you invest in S&P500, you will have around 250K based on historic 10% return per year.
There are highly speculative ways to do it like using leverage, options and cryptos but all these carry risk of wipe out.
Last time i saw someone do it and documented every investment was Curtis Montgomery of Wall Straits. What was incredible is he did buying SGX stocks. His starting portforlio was 300K and after 10yrs it was 3.2M. After that he closed his website and retired back in US. He passed away a few years ago.
His books and articles are still around for those who wish to learn.
https://www.valuebuddies.com/thread-6227...06580.html
all these people got insider info one lah..................if an average Joe were to do it - it's becoz of big risks............and got lucky........