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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$8.5M, $1M, 36/37, 3/2/ infant, 14yrs, $50M[/quote]

Good going!.  What do you do to earn $1M a year, if you don't mind sharing.[/quote]

Own my own business and invested the profits[/quote]

So how do you get from $8.5m to $50m in 14 years on $1m a year? I'm guessing your business follows the Madoff model?[/quote]

$8.5m poster here.  This is why some people are rich and others are not. $50m in 14 years is an 11% annualized rate of return on my existing assets. While that far exceeds what others may predict it is hardly absurd for someone who went from $0 to $8.5M in 12 years.   Then again I could lose it all. Only time will tell. [/quote]

I personally think 11% is a little aggressive...last year, sure (a good year in the markets), but over 5 or so years, trying for an 11% return is a good way to end up with 0.  I am going for 6-8%,,,,[/quote]

8.5 M to 50M in 14 years is 13.5% compounded.  However, I don't think he's talking about investing in the market necessarily.  He may have other investment options (such as his own business) that produces quite a good return..[/quote]

$8.5m poster here.  It's actually lower than 13.5% as that presumes I never add principal.  It is technically lower than 11% too! but for simplification I compounded my investable assets and added in my excess cash times 14 years.  And with reasonable leverage the return isn't that high.[/quote]

All I was saying that if your current asset base is $8.5M, you will need a 13.5% compounded annual return to get to $50 M in 14 years. Unless you are saying that the additional money you add is being generated either through your labor (job) or is being created by other assets that are not part of the $8.5 M.[/quote]

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