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  1. C

    woke up a millionaire

    Very few people can achieve 30 plus years (the retirement period) of 10 per cent return per annum. This beats stockmarket and real estate market returns consistently for three decades. I am feeling elated at 5% but calculate retirement projections on 3%
  2. C

    woke up a millionaire

    Agree entirely in principle. However, in Sydney right now, 1mil freestanding home in not really possible in many northern nor eastern suburbs. But the focus in retirement would be as you say, to maximise returns on the investible nest egg that has to last for decades.
  3. C

    woke up a millionaire

    A fully owned house and passive income of 100k per year, indexed to inflation forever. If you want to live in Sydney this would currently mean a minimum net worth of 5 mil. A median priced house 1.5mil to 2 mil plus 3 mil of investable, income generating assets. I assume around a 3 per cent...
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