- George Rozakis
Investor Policy Statement
Updated: Dec 13, 2020
๐ ๐ข๐๐๐๐๐ง๐๐ฉ๐๐ฆ * Double my Net Wealth every 5 years aiming at beating the market by 20% annually * Reach Financial Independence [FI] before the age of 50
๐ก ๐ข๐ฉ๐๐ฅ๐๐๐ ๐ฆ๐ง๐ฅ๐๐ง๐๐๐ฌ * โHard Accumulationโ phase (until FI): Save at least 30% of income * โSelf Sustainabilityโ phase (between 80 and 120% of FI): Continue saving >5%. Donโt touch the principal, keep working sporadically or find other ways to bring money at home to cover for expenses and let the principal grow
* โWhatโs income?โ phase (150% of FI): make all work and income decisions as if the wage were 0. Stop caring about having to earn money, Itโs ok to withdraw from the principal
* โWhatโs money?โ phase (200% of FI: make all spending decisions as if the price were 0. Stop caring about budgeting, expenses, earnings. Just avoid plain stupidity.
๐งฌ ๐๐ก๐ฉ๐๐ฆ๐ง๐ ๐๐ก๐ง๐ฆ ๐๐ก๐
* Stock oriented investments with ETFs playing a risk management factor
* Buy and hold stocks strategy: stay invested (extra invest if possible) when the market crashes
* Stay low on costs in the โcosts vs effortsโ spectrum
* During accumulation phase, keep investing each month and use the monthly investing to rebalance
* Do an annual major rebalance between asset classes and within each class. Use this โmajor rebalance timeโ to review this doc and eventually improve/change it
๐ฐ ๐๐ฆ๐ฆ๐๐ง ๐๐๐๐ข๐๐๐ง๐๐ข๐ก
*70% Stocks - 20% ETFs - 10% cash
* Keep 5-6 months of living expenses in cash while working
* Keep 12-24 months of living expenses in cash while not working
* In case of urgent need of cash in bear market, sell bonds first
๐ ๐๐ข๐ฃ๐๐๐ฅ ๐๐จ๐๐๐๐ก๐๐
* Min copy amount: $500 followed by regular injections
* Recommended copy amount: over $1,000 followed by regular injections
* New copiers: check 'copy open trades' and be prepared for some wonderful long-term results
* Happy old copiers who add more funds: do NOT copy open trades
Register through the following link: https://med.etoro.com/B13974_A96413_TClick.aspx