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Since 2015, I have grown my money at a compound annual growth rate (CAGR) of 34%. My $5,000 investment will increase to $1.7 million after 20 years.
Before dismissing my success as beginner’s luck in a bull market, note that I have outperformed both the S&P 500 which gained 11.63% in the same period and Warren Buffett’s 20.3% record since 1965.
Here are some important lessons I’ve learned along the way.
1. All roads lead to Rome
There is no foolproof strategy they all have pros and cons. Don’t pay too much attention to those who claim their way is the only proven way to invest appropriately.