Sunday, December 29, 2019

The world’s Largest 50 Asset Managers

The world’s Largest 50 Asset Managers - 2018

The data below was curated from Willis Towers Watson reports which contained the world largest 500 asset managers with 2018, 2017 and 2016 year's data. Top Money Managers from US managed over 60% of world wealth, followed by those from European countries (including UK). Only Japan's big money managers made the world top 50 from Asia.

The Top 10 largest Asset Managers for 2018 are:

1. BlackRock ($5,975,818 millions)
2. Vanguard ($4,866,611 millions)
3. State Street ($2,511,297 millions)
4. Fidelity ($ 2,424,697 millions)
5. Allianz Group ($2,242,972 millions)
6. JP Morgan Chase ($1,987,000 millions)
7. Bank of New York Mellon ($1,722,000 millions)
8. Capital Group ($1,677,381 millions)
9. AXA Group ($1,628,579 millions)
10. Goldman Sachs Group ($1,542,000 millions).

World Top 50 Asset Managers

Saturday, December 28, 2019

The Simple Way To Become A Millionaire by Making Maximum Contribution To Your Retirement Plans

The Simple Way To Become A Millionaire 

-by Making Maximum Contribution To Your Retirement Plans 

There are many ways people seek to become a millionaire, but as an average investor, the easiest way to become a millionaire is to contribute maximum to your retirement plans, invest them in a simple retirement portfolio and let the time take it course. You will become a millionaire in 25 years with a conservative 5% return per year. 

To do so, you only need to contribute maximum to your 401k plan, and get the maximum matches from your employer, and contribute maximum to your IRA (either traditional or Roth IRA). 

Thursday, December 12, 2019

How Much You Could Have If You Make The Maximum Contribution To Your 401K and IRA Contribution Each Year

 (1) Contribution: 401k and IRA Contribution Limits and Catch Up For People Over 50 Years Old

The graph below shows the total amount (including both 401k and IRA) one person can contribute to his/her retirement funds each year from 1995 to 2020. This total annual contribution does not include  employer match.

If you contribute the maximum amount each year, the total 401k funding could reach $376,740 and IRA funding could reach $105,000 for the 26 years from 1995-2020 without considering any employer match or any investment returns.

  (2) Final Amount: Invest the Retirement Funds With A Conservative 5% - 6% Annual Return

If you invest these funds with a 5% return, the final retirement amount could reach $900,000. With a 6% return, the total could reach $1,033,553 next year (Year 2020).