Hi,
I have recently been reading John Burley's "Money Secrets of the Rich" (New Updated Version) and I came across the AIP (Automatic Investment Plan) strategy. I have searched through the forums and seen some discussion about this and because a lot of the discussions are a bit outdated (since 2005), I would like to ask people 'HOW' and 'WHO' to speak with to setup an AIP with between 10 – 15% p.a. returns that can be compounded monthly.
If anyone has applied this strategy to their own wealth creation, I would love to hear about it and it would be great to share with others who are also on their way to building wealth.
Love to hear from you.
Thanks.
Tyrone | Property Investory
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You could get a managed fund set up. You would need to start off with at least $2500 and then need to add to it monthly. Some funds have returned 30%+ pa. But there is no guarantee you will get this. Or you could stick to putting your money into a high interest savings account such as ING.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Thanks Terry.
I was considering that. Though how does a managed fund compound their 30% returns on a monthly basis? I am trying to find something that I can see it grow and at least have some control over. Personally I've always invested into shares myself and not looked into Managed Funds, but I have not been able to see monthly compounding returns on my investment through my own share trading.
Tyrone | Property Investory
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