$19 Million by Age 48
July 14th, 2007 by asianTom
Could I really achieve $19 million dollars by age 48? In theory yes. Using an interest calulator, which compounds money once a year at 20% with an intial investment of $500,000 I should be able to reach this milestone.
The problem with formula is with the 20%. Being able to achieve 20% a year on my money is highly unlikely but a few hedge funds have been able to achieve these types of gains. There are a few mutual funds that do very well each year and if you actively manage your money I believe it’s possible to get close to the 20% interest.
I have slowly started to move my money into funds that actively invest in foreign companies.
Here is a list of funds I currently own:
FLATX
GAAEX
MPYMX
OBCHX
PRNEX
If you invested in some asian companies,maybe you can achieve more than 100% increasing in your funds which you are investing…
you are really great..u seem that still young rite? but you achieve your online business very well.