Verified Document

Wealth Management My Personal Wealth Essay

When I am 37 years old, I check my investments and discover that I now have a portfolio of approximately $128,000. During the preceding 7 years I have fathered three children (two boys and a girl) and they are now at an age where the private schools they attend are costing me an arm and a leg, the house my spouse and I purchased is quite extravagant, and the two cars, insurance, and other of life's amenities are all crowding in on the investment picture. For the next seven years I decide to forgo the monthly investments, but decide not to change the initial investment strategy.

The next 7 years pass by and I am now 44 with gray showing in my hair and small wrinkles appearing about my eyes. I check my investments and discover that the 10% rate of return has held true and because of that my investment portfolio is now at a quarter of a million dollars.

I seriously considering running off to the Bahamas for the rest of my life, but decide instead to stick it out. At this time in my life my career has rocketed forward and I am now earning well into 6 figures. I sit down with my accountant and decide to purchase a million dollar life insurance policy with the family trust as the beneficiary. He informs me that I'm not getting any younger...

I acquiesce. My portfolio is now going to grow at an average rate of approximately 8% but to help it along, I will reinstate the monthly contributions and decide to add $1,000 per month to my portfolio. I am receiving a number of stock options each year in company stock and those will be my retirement nest egg. This portion of my plan should hold true for the next nine years.
I am now 53 years of age and my investment portfolio has grown to just over $700,000. I have stock options that are work over $100,000 and my life insurance is worth $1 million. Since the insurance was a twenty year term life policy I take $200,000 from my portfolio and invest it in whole life insurance of $2 million dollars. I scale back my portfolio so that the asset allocation is at a 50/50 fixed income/equity ratio. I plan on retiring in 12 years and wish to have at least a million dollars in my portfolio.

I'm 65 and retired. My life has reached its apex and the money that I have set aside during the last 42 years has served me well. I have well over a million dollars in my portfolio that I can now withdraw from, I have a paid up $2 million life policy, my house is paid for,…

Cite this Document:
Copy Bibliography Citation

Related Documents

Human Resource Management - Personal Case Studies
Words: 1975 Length: 5 Document Type: Essay

Human Resource Management - Personal Case Studies Human Resource Management The universe of information on effective management is enormous. A manager who desires to improve his or her skills will have no difficulty finding ideas and even guidance in the literature. Some of the most evidence-based management data has been established by the Gallup Organization. Over a 25-year period of conducting research, the Gallup Organization has compiled data from observations in excess

Financial Management: Personal Investment
Words: 2754 Length: 10 Document Type: Essay

Financial Management - Personal Investment Decision for a Public Company Financial Statistics Rationale for Toyota Ratio analysis Stock price analysis Foreign Interests Toyota Motor Corporation, which is recognized as is one of the most exhilarating productions in the automobile business these days. The company is one of the most economical corporations all over the world and has appreciated a record setting achievement for a very long time. In the previous years, the worldwide automobile industry has

Personal Assessment Written Change Plan Change Goal:
Words: 913 Length: 3 Document Type: Essay

Personal Assessment Written Change Plan Change goal: Become an assertive individual who can voice opinions and requests in a tactful manner that increases communications harmony. Expected process for implementing the change: First, I will attend a weekend seminar on how to become a more assertive person. Then, I will purchase books and other helpful resources that will help retrain my thoughts and behaviors. Currently, I struggle asserting myself. Afraid to speak up, I

Management Philosophies Samsung Group Samsung Group Is
Words: 932 Length: 3 Document Type: Essay

Management Philosophies Samsung Group Samsung group is South Korean company headquartered in Seoul Samsung town. Samsung group comprises of many subsidiary groups that are under the Samsung group. Founded in 1938 by LeeByung-chull as a trading company, Samsung group has grown to diversify into insurance, textile industry, retail and security industries. Samsung entered the electronics industry in the 1960s. It has grown to be the leading manufacturer of cell phones in the

Management Philosophy Management's Principal Characteristic Is the...
Words: 1685 Length: 6 Document Type: Essay

Management Philosophy Management's principal characteristic is the directing and leading towards the achievement of predetermined objectives. An organization runs and works based on defined specific objectives, and the role of management to direct efforts and resources towards the achievement of these objectives. Over the decades, different management approaches and strategies formulation entail in an attempt to find the most suitable approach that can effectively and sustainably direct towards achievement of organizational

Management Information Systems MIS Organization
Words: 1247 Length: 4 Document Type: Essay

The information security system also helps in the provision of guidelines in the analysis and in the evaluation of security systems which are considered vulnerable to be used based on the former or initially used security measures in the organization system e.g. The use of anti-viruses, firewalls, intrusion detectives etc. Role of ethics when building customer database Ethics refers to the that branch of philosophy dealing with values relating to human conduct,

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now