Invest with ISAs and Turn Your First Million into £75 Million - Part 1 of 2
By Stephen Sutherland, author of Liquid Millionaire.Posted 10th July, 2009.
Tags: centenarian, index beating returns, investing with isas, isa, isa trend investing, million.
Investing with ISAs and How You Could Turn Your First Million into £75 Million
On this website I frequently talk about the index beating returns that are achievable with ISA Trend Investing and how they could help you to become a millionaire from an upcoming stock market boom. Today, in Part 1 of a 2 part series, I want to show you how, if you acquire the skill of getting your money to grow at 20% – which of course is not going to be easy, but it is possible – your first million could end up turning into a £75 million pound fortune – or even more.
How is this possible?
By making it a goal to become a centenarian (a person who is 100 or over), and using ISA Trend Investing, it could help to make you worth a staggering £75 million.
If this sounds too good to be true, I’d like to share with you a story I read at the weekend, which really does prove that with the right mental attitude, anything is possible.
The UK’s Oldest Marathon Runner
Last Sunday I read a feature in the Observer Magazine that rocked my beliefs about what is possible in terms of human fitness and endurance. It was an article about people who are aging well and one of the case studies featured was a gentleman of 98, named Fauja Singh.
Fauja completed his first marathon at the age of 89 and has since gone on to run another six, recently completing the Luxemburg Interfaith marathon and the Edinburgh marathon.
The journalist who interviewed him spoke of his ‘boyish charm’ and ‘infectiously positive outlook and lust for life’, which she firmly believed held the key to his ongoing success.
The Investment Marathon
Fauja’s story made me think of the chapter in my book, Liquid Millionaire, where I talk about people’s attitudes to aging and how, if you make it your aim to become a centenarian, you can achieve untold wealth through long term ISA Trend Investing.
There is a definite parallel to be drawn between marathon running and ISA Trend Investing. I am always telling potential readers of my book, or clients who have the option of shadow investing me, that I can’t help them if they are looking to get rich quick.
Sensible investors are in it for the long haul, and aiming to live – and invest – until you are over 100 years old, is definitely a marathon rather than a short sprint.
But the potential rewards for this long term approach are incredible.
7% Withdrawal Formula
Because the tax-free ISA wrapper stays with you for life, if you follow the 7% Withdrawal Formula with your ISA Trend Investing, your tax-free pot is going to grow into a huge sum.
When you arrive at your intended financial tax-free goal, you simply follow the steps below.
Step 1 - You withdraw just enough money to pay for your dream lifestyle.
Step 2 - You then continue to grow what is left in your tax-free pot for another year.
Step 3 - You simply repeat this process each year for the rest of your life.
Can it be that simple?
Yes.
Stick with the Formula
When you get this 3 step process right, your lifestyle each year gets better and you get richer. But, if you mess with the formula, things can and will go horribly wrong. The lesson is, stick to the formula or you could live to regret it.
In Part 2 of this series I will explain the right way to do it by using the example of a couple whose goal is to make £1 million using ISAs by the time they are 60. Through this example I will show you how the 7% Withdrawal Formula enables them to grow their tax-free pot to a whopping £75 million by the time they reach 100, as well as giving them a larger cash flow to live off each and every year.
And before you shake your head and say, but what use is that kind of money when you’re that old, think of Fauja Singh and his lust for life and know that anything is possible.
If you have any questions about how it is possible to turn £1 million into £75 million with ISA Trend Investing please do not hesitate to contact a member of my team for a chat. As always you have my word there will be no sales, no jargon, just the facts.
Your friend,
Stephen Sutherland
The UK’s Leading Authority in ISA Trend Investing and Author of Liquid Millionaire
Note: All articles are copyrighted. Reprinting in any form without permission is not permitted. To request reprint permission for one or more articles, please contact Stephen.
