Here are four milestones that should act as a guide for all investors. 1.) Your very first deposit into a brokerage account. This sounds simple, but many folks never go beyond employer sponsored accounts. Do a simple look around at some of your friends and some probably haven’t cleared this step yet. 2.) Reaching $100k. This may seem impossible when you first start. However, once you reach $100k you’ll start to see the power of your money working for you. 3.) When your portfolio appreciates more than your annual wages. This is purely a psychological milestone. It’s reassuring when your investments make more than you do. In theory, you’re not able to withdraw that amount to live off off. But it’s definitely a good feeling knowing you are breaking free from a salary. 4.) You reach the amount you need to immediately retire. This amount can be calculated by the 4% rule. Which is basically withdrawing no more than 4% of your portfolio each year. This allows for increased withdrawals as your portfolio grows and ensures that your portfolio lasts longer. This can also be calculated by multiplying your yearly expenses and needs by 25. For example, if you want $100k from your portfolio, you would need a portfolio of $2.5M. (100k x 25 = 2.5M). Good luck and I hope you can reach all your goals and milestones! =^.^=
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48 Comments
Kris
@kris.okallgood · 7mo
I try to only follow advice from cats on Blossom
DarkOctober
@darkoctober · 7mo
My goal was to reach 100k this year, but I've been laid off + the market is struggling so far this year! Hope I can make it, but I'm unsure!
Jojo Wang
@jojo84072 · 7mo
When the cat is talking, we gotta listen! 😎
LCS @tradingsideways · 7moEdited
I only listen to cute cats 🥰
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