Personal Investments • UPDATE (6 months later): Am i ready to call it quits?

I mean $100M. Secret is to buy the top performers of the industry and never sell. And when everyone is panicking, go in and buy and then wait.
It's really simple.
For example, during Black Monday in 1987, I bought lots of MSFT and I still have them.

Fun fact: MSFT almost 6x-ed in 1 year from 1986 - 1987 pre Black Monday (CAGR 454.45% in 1Y) yet MSFT was higher after the 1987 crash than at the start of that year... Amazing call you got 22%+ CAGR since then if you didn't sell anything.

Why only spend $300k/y on $100M NW?

Because I've always lived below my means. That's how you accumulate wealth. I didn't have to sell anything to purchase more stocks if there were dips. I've established dynasty trusts for my future heirs. $300K is for regular expenses, I spend more on annual vacations with the family, all first class plane fares, hotel suites and meals.

Statistics: Posted by coolwaves — Sun Dec 08, 2024 10:40 am — Replies 32 — Views 3944

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