What is your basic goal and investment horizon?
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@KevinE for this year is to break 200 k€. In the long term, classic "financial freedom" which should enable me to stop having to work full-time.
The investment horizon is certainly another 25 to 30 years.
The investment horizon is certainly another 25 to 30 years.
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•@sebbraun201 with your stats: easy I would say.
170k€ custody account, 2k savings installment per month, 25 years average return of 5% adjusted for inflation.
Results in a portfolio value of approx. €1.7 million, an extremely safe withdrawal rate of 3% net would result in €51,000 p.a. (as I said: inflation-adjusted to the year 2024). That should be enough to stop working full-time.
Sounds a bit too defensive - or you simply have to put a bit more money away for consumption, then the investment horizon fits better.
170k€ custody account, 2k savings installment per month, 25 years average return of 5% adjusted for inflation.
Results in a portfolio value of approx. €1.7 million, an extremely safe withdrawal rate of 3% net would result in €51,000 p.a. (as I said: inflation-adjusted to the year 2024). That should be enough to stop working full-time.
Sounds a bit too defensive - or you simply have to put a bit more money away for consumption, then the investment horizon fits better.
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•@KevinE your word in God's ear 👍 a lot can change over time, of course, which has an influence on savings rates or similar. we will see
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•@sebbraun201 That is often the "problem". Property (probably done for you, unless you want something else), and children (don't necessarily result in extremely higher expenses, but usually a loss of income).
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