The current 2024 target for the blog portfolio is a snowball of 9k, only a target not the fcast.
If u compound 9k at 7% for 9 years that would equal ‘a pension’ of £16.5k
If u compound 9k at 8 % for 9 years that would equal ‘a pension’ of £19.8k
As Buffett once said: “The rich invest for income, the poor invest for capital gains“. As such, investors may be better off following his lead and letting compounding work its magic.
Instead of buying an annuity, I forgot to mention u keep all your capital.
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