This has been on my mind for a while. I would like to create this thread in order to get a scope of interest of what other people think is a sufficient amount of capital to get out of the workforce and take on investing as a full time profession.
Whilst traders are welcome to participate in this, I am moreso looking for the opinions of fundamental investors.
In your response it would be a good idea to state your age (if your comfortable to do this), your experience with investing, and of course - the amount of capital you would find sufficient to pursue an investing career.
21 Years Old.
4th Year University about to complete a double degree in Bus/Comm.
Have been involved in the stock market for ~ 9 years. Although I have only found my niche in the last 3 years.
I have estimated that if I had $250 000 capital I could use my investing strategy to derive a sufficient income. This is based on the assumption that I could achieve a return of 15%p.a. This would grow my portfolio at $37 500 per year and I would also have a divvy income of at least $9 000. Wouldnt take long for compounding to turn this into a nice looking portfolio!
So far I have far exceeded this return over the last three years, I have lowered the expected return however, as I understand that 3 years is not long enough to determine the effectiveness of a strategy.
I understand that some people may find these figures ludicrous, and that is fine...we all have different goals, different standards of living, different expenses etc...but I would love to get an idea of what other people think about this subject!