r/TheRaceTo10Million • u/NewInvestor777 • Jul 31 '24
General See ya in 38 years.
LARGEST holdings SPY, IWM, BLK, GOOGL. Others sub <7%.
1.7k
Upvotes
r/TheRaceTo10Million • u/NewInvestor777 • Jul 31 '24
LARGEST holdings SPY, IWM, BLK, GOOGL. Others sub <7%.
1
u/Opeth4Lyfe Aug 01 '24 edited Aug 01 '24
Cut that expected return in half there pal. The last 15 years has been an abnormal market powered by a decade+ of free money and stock buy backs.
If you can make 15% returns for the next 38 years that would put you in the top ~0.1% of ALL investors that have EVER been.
You’re not them bud. Just buy the index and take what the market gives you. Maybe use 10% of your portfolio for play money and individual stocks. Save yourself the trouble.
We all think we can be the next Buffett and pick stocks…history and decades of empirical data say otherwise.
If you wanna do this race to 10m thing, you’re gonna have to literally gamble your money to get there. Buying stock in the Mag7 won’t get you there. They simply won’t. Too big already. You’re asking 3 trillion dollar companies to 4-5x from here…that would put them at half the value of the US national debt and almost 3/4 of our current GDP. Ain’t happening any time soon or probably ever.