Last edited by foxwendal; 18-07-2020 at 04:14 PM.
CAGR of the Stock Market: Annualized Returns of the S&P 500
If you had invested a lump sum in 1980 and divested it in 2010 after the GFC the cagr would have been 11.4%. 1970 to 2000 post dotcom crash similar. Assuming you reinvested that 10k "lost" from fees/maintenance each year you'd need around a 9.5% average return to hit that 6m figure.
Personally, I think that 10k a year sounds on the low side. Also, a 3m flat in HK...is that a realistic investment for a 90% loan? I'm assuming something that cheap would be in an old building or a village house.
I think its an important factor that one forgets that in 30 years a fairly new building will look pretty shabby. Plus maintenance on the flat over those 30 years will for sure cost some money.