I have a shade over a million USD after-tax cash from the sale of company stock over the years. I'd like to make it $4M (after tax) in 20 years. whats are good legal ways of doing this? ideas please. im a US citizen living in the US. Age: 43 YoE: 15 TC: $425k Married filing taxes jointly AGI $625k
Just buy stonks they only go up.
Tell us more about how you got there for relevant responses.
Updated. Sold company stock over the years to get the 1M.
If you had this million in AAPL a year ago, it would have been 2 million now.
Hindsight is 20/20
Fully aware of the Apple stock price rise. And it has helped for sure. I am worth a lot more on paper now than I was a year ago because of the 2X stock rally. I still hold enough AAPL and get enough annual grants every year. I'll likely have another million as rsus vest over the next 3--4 years, if the stock keeps up this crazy rally.
Go to Vegas.
Haha. I've been there a few times. Never gambled, although I spent a lot on food and wine.
Food and wine (and ho*kers).
Rule of 72 says that it only takes 10 years to double your money if it's growing at 7.2% annually. In 20 years it's quadruple. That's very possible with a total stock market fund. Consider some international too.
Do you have a financial advisor? If not get one. Theory is roughly speaking that with a 10% return your money doubles every 7 years. I couldn’t find the article. AND if you continue to invest monthly you could exceed your target.
Age YoE TC
Commercial real estate portfolio loopnet.com
lol at these answers. Become a founder
All in SP500
This gives the highest probability of success
Wait for the recession though