Welcome to our 8 new readers! Our newsletter now has 217 readers. |
|
What’s going on Reader! Question: Would you rather have a penny doubled every day for 30 days or a cool million dollars? You probably know the answer, but let’s pretend you don’t. Check out the exponential growth of a penny doubled every day for 30 days: Day 1: $0.01 Day 2: $0.02 Day 3: $0.04 Day 4: $0.08 Day 5: $0.16 Day 6: $0.32 Day 7: $0.64 Day 8: $1.28 Day 9: $2.56 Day 10: $5.12 Day 11: $10.24 Day 12: $20.48 Day 13: $40.96 Day 14: $81.92 Day 15: $163.84 Day 16: $327.68 Day 17: $655.36 Day 18: $1,310.72 Day 19: $2,621.44 Day 20: $5,242.88 Day 21: $10,485.76 Day 22: $20,971.52 Day 23: $41,943.04 Day 24: $83,886.08 Day 25: $167,772.16 Day 26: $335,544.32 Day 27: $671,088.64 Day 28: $1,342,177.28 Day 29: $2,684,354.56 Day 30: $5,368,709.12 Holy cow, you’d have over $5 Million dollars! Check out the final 7 days, when we go from $83K to $5.4M – a gain of 6,300%. But, that’s the same percentage gain from day 1 to day 7 too. The point is that the longer we wait, don’t fiddle with the dials, and let the compounding machine work, the more ginormous the returns will be. I mean, check out the famous Warren Buffett chart below that stops at age 83, even though he’s 93 now. Seriously, there’s a ton of charts and they all stop at 83. Come on now Internet!! Another example of the magical compounding machine is turning $10K into $1M. Assuming a 10% return, it would take 27 years to reach $1,003,000.63. Imagine dropping $10K into the S&P500 at 18 and when you hit 45, you’d have a million bucks! There are many ways to go about compounding your money, where the returns make returns and then THOSE returns make returns, and on and on. Check out this awesome post from Visual Capitalist on how long it takes TO DOUBLE YOUR MONEY. The simple answer is that you need as many doubles of your money as possible, so the earlier you start, the more doubles you should have. Seriously, do it now, you’ll enjoy it, but don’t forget to come back to finish seeing what I bought this week! I’d love to know what your biggest stock, ETF or fund gain has been HERE. 😁Special THANK YOU to the (5) people who responded to my last newsletter!! With that being said, let’s get to the moves made this week. And remember, you can always check out the PORTFOLIOS, the PODCAST, or see what’s cooking on the YouTube channel. Dividends Received This Week ~$219.85
Dividends Received Year to Date~4,397.21
Stocks Bought (AVERAGE)
Notable Ex-Dividend Stocks This Week
Click the image above to try Seeking Alpha Premium for FREE for 7 days. *This is an affiliate offer and I will receive a small commission at no additional cost to you when you buy a premium annual subscription after clicking the image above. Based on the current list price of $239 $189/year. Cancel anytime before the free trial ends to avoid being charged. Auto-renews as an annual subscription at the then-current annual list price. Plus sales tax/VAT, where applicable. Closing Thoughts While at work and in the middle of a project, a Howard Marks memo from July ’23 that was already listened to started playing. It’s titled TAKING THE TEMPERATURE and what I loved were his thoughts about how he’s made money going against the herd, in particular, when there’s been extreme optimism and pessimism. When someone has been “in the market” for 54 years and shares experiences learned, we should gather around and take notes. There were so many insightful and motivating thoughts shared in this one, I think you’d get quite a bit of value from it. Check it out and let me know if you found it as motivating as I did here. With that being said, have a WONDERFUL week and I’ll see you in the next one. |