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Aldous Huxley
It seems that every body wants to Crack The Millionaire’s Code; who doesn’t want to. No thanks to Hollywood portraits of the rich and famous, the glamorous and jet-setter life style is the envy of many. Thus it is no surprise that when ever there is an opportunity of Making A High Return of Investment, most people will swarm to grasp it.
Guest what these people are queuing for? An opportunity to get a better return for their saving for this Amanah Saham Malaysia (Mutual Fund). Definitely not Harry Porter and the Half Blood Prince!
According to today Sin Chew daily, people are lining up in the early morning to avoid disappointment since the last release was snap up with 4 hours. In a time of financial uncertainty, most people will be looking for a secure investment with reasonable good return. What’s better than a Government Investment Fund that the principal amount is secured and a reasonable good return of 6%-8% per annum from past
experience. That is a very good return considering that Bank Fixed Deposit Rate is at 2%-3%.
Is this a very good return? Yes to the majority of Moderate to Low Risk Taker but to high risk taker, it is just an average returns. How Fast can you money grow to a million with 8% return. Giving the limit per investment per person for this initial investment of $20,000. It will take approximately 47.5 years. Just the right investment for your new born baby to retire as a million.
How fast can your $20,000 investment turn into $1,000,000. It depend very much on the rate of return. There is a rule of 72 on investment return. It say that your investment will be double up by certain period of time by dividing 72 with the rate of return. A rough estimate on on rate of return vs period of return as follow
$20,000 —————–> $1,000,000
Rate of Return p.a. ———-> No. of Years
6% ——approximately—> 66 years
9% ——————–> 44 years
12% ——————–> 33 years
15% ——————–> 26 years
18% ——————–> 22 years
21% ——————–> 18 years
24% ——————–> 16 years
27% ——————–> 14 years
30% ——————–> 13 years
Regardless of the return, it take time for the investment to grow, patience is virtue.
A few days ago, I have meet a number of corporate managers and executives talking about how to accelerate our investment return to have enough money to enjoy our golden years without worrying about money. It is clear to us that many people do not take their retirement plan seriously in addition to take their hard earn money lightly and invested in some Ponzi scheme or what some call “Crab Business” and get rip off than giving their money time to grow with a legitimate investment scheme.
It’s Time to get smart and experience The Fountain of Wealth and start your own Wealth Master.
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Thanks for posting about this, I would love to read more about this topic.