Axekay
2023-12-08
First $100k can be earned through salary and savings, as well as side hustles. No special efforts or talents required.

For the first $100k, I recommend a safe approach - i.e. put into fixed return financial products like fixed deposits or guaranteed return endowment plans, or stable shares like $Vanguard S&P 500 ETF(VOO)$ .

DO NOT risk your precious first $100k in highly volatile shares like $Tiger Brokers(TIGR)$ or meme stocks like $AMC Entertainment(AMC)$ $GameStop(GME)$ , unless you have couple of $100k to speculate with.

After your first 100k what did you do?
How did you achieve your first $100k? What did you do after you achieve $100k? Did you alter your investment approach after reaching $100k or $1M? Can an annual return of 6% from the S&P500 or 15% from the Nasdaq suffice for retirement with $1M or less?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • jinglese
    2023-12-11
    jinglese

    You are right, the first 100,000 can be saved entirely from salary.

  • zippyzo
    2023-12-11
    zippyzo

    Is it true that you can’t buy high volatility stocks?

  • chimey
    2023-12-11
    chimey

    I can see that your investment style is very stable.

  • floopi
    2023-12-11
    floopi

    I like VOO, it's really safe

  • gme1xxx
    2023-12-21
    gme1xxx
    scAMC
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