ilmscore | How I Made My First $10 Million (COPY MY PLAN)

How I Made My First $10 Million (COPY MY PLAN)

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
The speaker aims to have enough in the S&P 500 to live off 4% withdrawals annually while still seeing portfolio growth.
"my goal was to have enough money in the S&P 500 that in the worst case scenario I could withdraw up to 4% per year in order to live off my investments while still grow my portfolio"
SPX
Pending
The speaker successfully navigated the 2000 dot-com crash by continuing to invest (dollar cost averaging) into the index fund, acquiring shares at lower prices.
"I was able to avoid suffering from the Internet stock crash of 2000 early on in my journey I learned that the losses felt massive whereas the profit seemed so so slow there's an old saying stocks rise like an escalator and crash like an elevator and this couldn't be more true I kept dollar cost averaging and adding to my stock portfolio even as the Doom crash continued"
Stock Market Crash of 2000
Pending
The speaker gained substantial investment returns during the 2008 financial crisis due to their financial strategy.
"The way I conducted my finances during the dot crash and the 2008 financial crisis gave me more returns than any investing I had ever done before"
2008 Financial Crisis
Pending
The speaker experienced a significant financial loss of $330,000 due to trading penny stocks.
"I fell into the Trap of investing in various penny stocks which initially was very successful however I went on to lose $330,000 with a couple of bad trades"
Penny Stocks
Pending
The speaker learned that shifting to a B2B model would allow them to scale their business and income more efficiently by focusing on the most profitable 20% of activities.
"he taught me that by focusing on selling to businesses I could increase my number without having to deal with so many people this is known as the 8020 principle I learned that I could focus on the 20% of things that produce 80% of my income"
B2B Business Model
Pending