I'm a new investor in stocks and am asking for your opinion on what is a realistic goal for annual returns as a long term investor.
I know this question has a bit of a 'how long is a piece of string' feel about it, but am genuinely interested in other's sharing their personal experience and opinions.
As for my strategy, I plan to have a mostly 'buy and hold' approach and select stocks on a ratio of roughly 75% solid/blue chips and 25% speculators.
My current portfolio is;
At present, I have $20 000 invested and plan to contribute $15000 a year. A 20% profit a year would equate to around $500 000 after 10 years. I am a non resident so wouldn't be paying any tax. For the same reason, dividends can't be included.
Is this at all realistic? Or am I being to hopeful?