3 reasons you won’t build a million dollar portfolio any time soon
DESCRIPTION
Most people want to become millionaires sooner rather than later. Outside of starting a business, most people will use the stock market to achieve their million dollar dreams. This presentation talks about why you won't build a million dollar portfolio - soon.TRANSCRIPT
3 Reasons You Won’t Build a Million Dollar Portfolio
…any time soon
What am I saying?
I’m Not Saying…
…that investing the way most people do through 401k plans and IRAs won’t eventually lead to the elusive million dollar mark.
I am Saying…
You won’t do it any time soon…
So...What is soon?
What is soon?
What is soon?You tell me
Time is both objective and relative
It’s a fact that an hour is 60 minutes
But…
One hour of lunch goes by a lot faster than…
…one hour at the laundromat.
So what is “soon” for becoming a millionaire?
Successful people set and achieve goals throughout their lives such as graduation, starting a family or buying a home…these goals usually occur in 10 year windows…
Why not set a goal to become a millionaire in 10 years?
Goals
3 Reasons You Won’t Build a Million Dollar Portfolio
…any time soon
…in 10 years.
So let’s re-title
this…
Reason #1
1. You don’t know what to buy
1. You don’t know what to buyWhich of these companies should you buy to start building a million dollar portfolio?
Reason #2
2. You don’t know when to buy (or sell)
2. You don’t know when to buy (or sell)
$200
Jan. 2008
$130
Feb. 2008
$85
Oct. 2008
$200
Oct. 2009
$300
Oct. 2010
$400
July 2011
$500
Feb. 2012$600
Mar. 2012
Even with investments that were as obvious as
Apple stock, knowing when to buy and sell is
difficult for most investors.
Reason #3
3. You don’t have enough money
3. You don’t have enough money
20 YearsInvest $15,000 a Year
$1,000,000
You would have to earn 8% a year on $15,000 in annual
investments and it would still take 20 (and a half) years to
reach the million dollar mark.
1. Most Americans can’t put $15,000 or more away a year.
3. The 401(k) annual limit is $17,500.
4. Most Americans don’t max out their 401(k).
2. Most Americans invest primarily through their 401(k)
plan
5. Most Americans don’t have enough money to invest to become millionaires in 10 years
Most Americans are Tapped Out
But what if you aren’t like most Americans?
What if you could invest
substantially more than
$15,000 a year?
How much would you have to invest per year to become a millionaire in 10 years
How much would you have to invest per year to become a millionaire in 10 years
$20,0
00?
How much would you have to invest per year to become a millionaire in 10 years
$30,0
00?
$20,0
00?
How much would you have to invest per year to become a millionaire in 10 years
$30,0
00?
$40,
000?$2
0,000
?
How much would you have to invest per year to become a millionaire in 10 years
$50,
000?$30,0
00?
$40,
000?$2
0,000
?
Year Contribution Rate Return
1 $70,000.00 8% $75,600.00
2 $70,000.00 8% $157,248.00
3 $70,000.00 8% $245,427.84
4 $70,000.00 8% $340,662.07
5 $70,000.00 8% $443,515.03
6 $70,000.00 8% $554,596.24
7 $70,000.00 8% $674,563.93
8 $70,000.00 8% $804,129.05
9 $70,000.00 8% $944,059.37
10 $70,000.00 8% $1,095,184.12
Try $70,000 a year
• A person earning $100,000 a year• Needs to save 70% or $700 of every $1,000
• A person earning $200,000 a year• Needs to save 35% or $350 of every $1,000
• To become a millionaire in 10 years*
In terms of income that means…
*Assuming an 8% annual return
Sounds pretty hopeless right?
Even if…
Even if…• You knew what to buy
Even if…• You knew what to buy
• You knew when to buy and sell it
Even if…• You knew what to buy
• You knew when to buy and sell it
• You probably wouldn’t have enough money to invest and become a millionaire any time soon…
But…What if…
But…What if…
• You knew exactly what to buy
But…What if…
• You knew exactly what to buy
• You knew exactly
when to buy and sell it
But…What if…
• You knew exactly what to buy
• You knew exactly when to buy and sell it
• And…You had a way of making the
money you are already saving and investing
do more
Goals
Maybe you could reach your goal of becoming a millionaire in 10 years.
At Wilson Wealth• We help successful young professionals build million
dollar portfolios “sooner rather than later” by…
At Wilson Wealth• We help successful young professionals build million
dollar portfolios “sooner rather than later” by…
1. Telling them exactly what to buy
At Wilson Wealth• We help successful young professionals build million
dollar portfolios “sooner rather than later” by…
1. Telling them exactly what to buy
2. Exactly when to buy and sell it
At Wilson Wealth• We help successful young professionals build million
dollar portfolios “sooner rather than later” by…
1. Telling them exactly what to buy
2. Exactly when to buy and sell it
3. Doing it with the money they are already investing
Interested in learning how?
• Call: 704.222.4162• Email: [email protected]• Visit: www.wilsonwealth.com
Start building your million dollar portfolio – today.