Making a million can sound like a daunting task. This is especially so when we are just starting out on our investing journey. Just the idea seems implausible. But it is not. It does require patience, discipline, and careful selection though. Let me give an example. If I could target an annual saving of £10,000, that would be a good place to start. Here is how I would go about making a million from it by investing in the stock markets.
What is the annual target return for my investments?
First, I would consider an achievable return on my investments. This could be in the form of capital gains or dividends or both. My annual target goal would be a return of 10%. There are FTSE 100 stocks around today that offer this much just in dividend yield. Moreover, they are likely to give me capital gains as well.
So, … Read more