Typically, I don’t celebrate milestones with a post, but the S$500K threshold feels significant. That’s halfway to a million dollars. Of course, reaching the S$1M milestone would be great but along the way on this investing journey, that has not been the ultimate goal. We have been given these resources to be used in a responsible manner.
What really surprised me and a takeaway I would like to share is the speed in which the portfolio grows. I would think the growth is mostly due to the magic of compounding but I can’t be sure. Our contributions to the portfolio have also increased as our income increased but not by much since our expenses have also increased.
In comparison, the S&P 500 has also been rallying since 2023, so that also contributes to the pace of the portfolio value increase.
See the chart below of the total value of the Family Portfolio since 2020. Unfortunately, I didn’t manage to capture the value prior to 2020 from portfolio inception in 2016. As you can see, the portfolio value really accelerated since 2023 which coincides with the rally in S&P 500.
Here are the $100K (SGD) milestones and how long it took to achieve them:
- $0 to $100K – 52 months
- $100K to $200K – 27 months
- $200K to $300K – 12 months
- $300K to $400K – 8 months
- $400 to $500K – 7 months
The magic of compounding works! At least so far, the time for each $100K increment takes shorter and shorter. Maybe $600K might take less than 7 months, except if we go into a bear market. In the last bear market from 2022 to 2023, the portfolio value stayed stagnant despite regular contributions. But that also meant that during that time, the portfolio was accumulating assets at good prices which appreciates a lot in subsequent bull markets.
Hopefully this sharing has inspired you in some way to start investing, especially if you feel that $1M portfolio is a pipe dream like I used to. It’s really not, you just need to start with baby steps and watch the portfolio grow slowly at first but the snowball does indeed gathers momentum on its own.
Next update would hopefully be when the portfolio breaks $1M and fingers-crossed won’t take another 107 months (9 years) to come.
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