Hi all, my spouse and I have reached a net worth of $1 million this month (2020). We have made an aggressive goal to take it to $10 million by 2030. We have saved enough to invest $1000 every week for next 10 years. Any suggestions what stocks should I have in my 10 yr portfolio? So far, I have these 5: Aapl, Square, McDonald's, Splunk, and Disney. I don’t want to have more than 10 stocks.#personalfinance #investments
No AMZN? Nice!
Because I work for Amazon:) and have enough RSUs
Check out ark investment’s etfs
Thats tsla heavy Why not just tsla? Already at 900% gains since 2018 Never short Elon
They had a lot of other great picks this year.. Roku, Square, Slack, and Zillow to name a few. They’ve rebalance pretty often tho
If you want to turn $520k into $10m, no idea which stock will get you that kind of 20x appreciation
Tesla bought a year ago
And your comment makes sense how?
And I've got a donkey that I want to win the Kentucky Derby with in 2 years.
Not if mine wins first
I live 10 min from the KY derby (Louisville). Slip me some $$ and I will make sure your donkey wins
Congrats on the milestone! $1k per week is $52k per year and unfortunately isn’t enough to take it to $10 million in another 10 years. Will “only” be about $3 million assuming 8% return. You’d either need an investment return over 20% or invest over $500k per year to reach that goal. https://smartasset.com/investing/investment-calculator
Yea this is a rather unrealistic goal
Lol yeah! Interesting how he got to 1 mill if he can’t do math
Recommend just an index fund. Go full tech QQQ, nasdaq.
Just to clarify: The investments I have so far are worth $1M. I will keep them as is. With some savings on the side ($50,000)+ plus monthly savings from my spouse and my salary, we are planning to invest $1000 a week.
Seems like your going to end up at like 1/3 of your goal. Can you save 3k per week? Saving 52k per year seems low if you both have tech jobs.
Hey man check out Palantir you’re gonna love it
Pumping on this thread too ?
GME or GTFO
At 1k per week you won’t hit 5m, let alone 10m, even if you assume an 8% rate of return. You’ll have to do a lot better than that.
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