This quest is reminiscent of ancient legends, I am striving to surpass the likes of the mighty S&P 500. Very few have the patience and pain tolerance, the grit and guts to consistently achieve this. A challenge worthy of the most valiant of Financial Knights.
My sights are set upon the Path of Roth – a route known to few and much less endure.
Armed with the mathematical magic of compound interest, I shall traverse this path, inching closer each day to the fabled Financial Promise Land.
Within the ancient scrolls of Substack I shall chronicle this odyssey.
Here, I shall not only unveil invaluable insights about life and investing, but also share the investments I select and track their development and performance.
Yet, beyond mere financial gains and riches lies a deeper purpose. I seek not only to achieve my goal, but to share in the camaraderie of fellow long-term investors. To forge strong relationships and to gain and share in the wisdom and joy of the pursuit of the financial promise land.
I am but a simple squire, called to provide a better future for my children and beloved wife. As I seek to explore the wealth the world has to offer, I extend an invitation to you.
Join me, as together we carve a path towards our Financial Promise Land,
where prosperity awaits those Brave enough to sacrifice now, and reap the tremendous rewards later.
Guides to Honor:
Use a Roth IRA
Maximum cash contributions are to be imputed every year ($7,000.00 in 2024)
No withdrawals until age 60 (25 years from now)
Attempt to surpass the VOO S&P 500 ETF by at least +1% annually.Â
(Historically the S&P 500 index has roughly returned 10% on average, I hope to yield +11% on average)
Squire,
Bentley
*DISCLAIMER*
*THE CONTENTS OF THIS POST ARE FOR EDUCATIONAL AND ENTERTAINMENT PURPOSES ONLY, AND DO NOT PURPORT TO BE, AND ARE NOT INTENDED TO BE, FINANCIAL, LEGAL, ACCOUNTING, TAX, OR INVESTMENT ADVICE.
INVESTMENTS OR STRATEGIES THAT ARE DISCUSSED MAY NOT BE SUITABLE FOR YOU, DO NOT TAKE INTO ACCOUNT YOUR PARTICULAR INVESTMENT OBJECTIVES, FINANCIAL SITUATION OR NEEDS AND ARE NOT INTENDED TO PROVIDE INVESTMENT ADVICE OR RECOMMENDATIONS APPROPRIATE FOR YOU.
BEFORE MAKING ANY INVESTMENT OR TRADE, CONSIDER WHETHER IT IS SUITABLE FOR YOU AND CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISER.*