Research talk: 20 years $200,000 USA IRA investment goal

Nov. 9, 2019

Introduction

It is my personal finance research. I like to work on the short research if I can make it happen from 1999 to 2019 to grow $200,000 USA IRA investment goal.

Case study

I did invest $11,530 dollar into my 401 K from 1999 to 2001, and then 2004 $3000 IRA, and then from 2006 to 2007, I invested $8000 dollars my 401 K.

Can I grow those fund from 1999 to 2019, and the goal is $200,000 dollars? My actual asset for those fund are $26811.70 dollars, key largo portfolio has balance $20,321.70, par 401 K has balance of $6590.

I was a young Chinese single lady from 1999 to 2019. I worked on a few projects and failed a few of them, including computer science Ph.D. degree, US green card application, and a few other projects.

In order to grow those money, there are a few ideas to make it happen.

Idea 1: I can purchase $10,000 ROSS stock, in 2019, the stock value 40 times more.
The problem I had is that I like to bargain hunt, but I did not know how ROSS business works. I never pay attention to the stock. I bought over 10 technology stock, expensive ones instead. I drove Ford Explorer brand new purchased in 1999, I purchased Ford stock, I purchased Bank Atlantic Entertainment stock account the company I worked for.

Idea 2: I can learn how to invest basics, so I can try to double those money once at least in 20 years span. So I can learn how to make another one.

Idea 3: I have to build confidence on one area of my life. My home purchase value went up and down.

Comparison

I like to profit at least 10 times more in 20 years, but actually I only have profit $7381 with 20 years time range, average for each year is $300 dollar/ year, $369.05/ month, 1.84%.

1999 Dec  - 2019 May profit is $5479 - Here are blog to document my IRA CD with the bank over 10 years.
2019 May - 2019 Nov profit is $1902

25% profit last 20 years is made in last six months since I learn to put those funds back in index fund. I studied Canadian retirement guide. Here is the link.

I like to show those facts, and I do have strong mathematics background, 10 years experience working in a manufacture company in Canada, and also experience in NSF, Par Tech, Siva, Motorola, Trendium, Online Gaming, Daleen.

How hard it is for me to learn personal finance, motivation to become a rich person, a millionaire?