A year and a half ago I wrote that my new goal was for my portfolio to grow to a million pounds by the time I was 60. It had just reached my initial target of half that amount. Thus, I required a 9 per cent annual return.
Most of your comments were identical to my school’s reaction when I received a conditional offer to go to Cambridge. No chance, mate. But roll forward 18 months and suddenly Project One Million looks almost sane.
Just as I proved my teachers wrong by actually revising, a bumper 24 per cent gain in 2025 — almost double the average hedge fund manager based on Preqin data — helped enormously. I only need to make 6 per cent annually now.
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