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41-Year-Old Who Escaped 9-To-5, Became Rich Through Stocks Shares Portfolio

41-Year-Old Who Escaped 9-To-5, Became Rich Through Stocks Shares Portfolio – ‘The Best Thing in Life is Freedom’

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Investing in the stock market remains one of the most efficient ways to get rich over the long term. A TD Asset Management report showed a hypothetical portfolio of $10,000 invested in the broader market at the end of 1991 would have grown to $60,000 by the close of 2021. However, just missing 1% of the best market days slashes the final portfolio value to $3,750.

About six months ago, someone asked investors on r/Stocks — a Reddit community with more than 8 million followers — whether anyone in the community actually got rich just by equities investing. The question drew over 800 responses, with many investors sharing interesting success stories and advice.

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An investor said stock investing significantly added to his wealth over a period of two decades. However, he, 41, advised young investors to first work to increase their earning potential and then use the stock market to compound wealth.

“Investing is slow. It is a much better investment to hone a very good career or learn skills that are marketable and open a business or get a really good job. My portfolio could sustain a simpler lifestyle now (roughly 100k a year in dividends) but lifestyle creep is real and I do enjoy some of the finer things. So I will work and continue to let it compound for another 10 – 15 years. But the joy is having options, I made the choice to keep working and I have the option to not to if I want to make some changes. The best thing you can have in life is freedom, idle time is not my goal,” he said.

Trending: Warren Buffett once said, “If you don’t find a way to make money while you sleep, you will work until you die.” Here’s how you can earn passive income with just $100.

The investor, who left his regular job to start a business years ago, said at one point he liquidated all his holdings but piled into the market again when it crashed in 2008. That’s when his wealth began to compound.

“2008 hit. Surprisingly the business was still moderately successful, it was small at the time and nimble. Not a lot of overhead, so that cash I had sitting there I reinvested at a very favorable point, that would be where the 500k became 1m+. More recently the Covid crash provided a lot of opportunities because I sold a few rentals at the end of 2019 and had cash yet again… and it wasn’t an easy choice as I had probably 1m in paper losses at the time but I still reinvested most of that near the bottom.”


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