Road to $1,000,000 — Strategy and Tactics

TL;DR

In this post, I’m discussing how I’m going about achieving my first $1,000,000.

The Goal

As the title said, the goal is to achieve $1,000,000. I often read that the first million is the hardest. After running some very optimistic projections, I can hit that first million pretty much within the four years and achieve the second million just several months later. I also start with a minimal amount of capital and affordable weekly contributions.

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The Strategy

The overarching strategy is to take advantage of compounding gains. I plan on obtaining 5% returns on invested capital every week. Additionally, I also contribute $50 a week for the first several months to allow the fund to achieve inertia faster.

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https://www.marketwatch.com/investing/stock/tsla
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https://www.marketwatch.com/investing/stock/zm

Tactics

With a strategic objective of hitting 5% returns a week, I’m developing tactics for achieving this. First, I can hit my target with a single trade. Second, I can more easily spread it between 1–2% a day. Since I’m starting with less than $25K in investment capital, I’m swing trading throughout the week or very minimal same-day trades.

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Google Finance

Am I doing it, or is it all talk?

That’s a valid question. I intended to start this several months ago, but the pandemic happened, so I had to hold off. As of right now, I’m currently on week 3.

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Infosec Professional, AI Engineer, Data Scientist

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