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#investing101

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Raising I.
@RaisingInvestorIQ
1Mon.·

A legendary quote made by a truly legendary investor. "The first $100K is a B****," reflects Charlie Munger's perspective on building wealth.


It indicates his invaluable wisdom regarding the initial hurdle that many face in their quest to accumulate wealth.


Consistent with the power of compounding, Munger believed that once you have a $100K base, the path to greater wealth becomes smoother.



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#investing101
#intelligentinvesting
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#warrenbuffett


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2 Kommentare
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Europoor@Europoor
1Mon.
regular investors just wont reproduce these numbers. 100k to 600k in 10y w/o further capital addition means ~19,6% pa. with 7% pa you need 2,3k additional investment per month. not outlandish but far from what would be needed to recreate the later jumps in value. 600k to 3,7m @ 7% pa 14,6k per month. 3,7m to 22m needs 85k per month @ 7%. thats just not gonna happen for most people.
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