How to grow your 10.000 Euro Competition

At the end of 2016, Financial expert Paul D’Hoore gave his advice on what people should do with 10.000 Euro on Belgium TV channel VTM. He advised 6 financial institutions to check how they would invest 10.000 euro.

His advice to invest your money in 2017 was as follows.

Review of Paul D’Hoore Financial Advice and 2017 Performance

Congratulations to Paul’s portfolio performance. His stocks portfolio had a nice 12,67% growth. After three years he has grown his money to 13.257 Euro. His yearly performance is 6,7%.

The majority of his portfolio growth is coming from the valuation increases of his stock picks.

Our own kids’ portfolio generated a return of 621,41$ CASH. Our portfolio had a yearly return of 8,8%. Due to the Euro /Dollar currency exchange, our portfolio has a total value BELOW 10.000 Euro. We don’t put money on a savingsaccount either.

Paul D’Hoore 2018 Financial Advice

For 2018 financial advice, Paul suggests to put the highest amount in stocks. He decreases the money amount for bonds. He also puts around 8% of his 10.000 euro on a savings account.

His stock selection for Belgian companies is as follows.

1. AB Inbev 2. UCB 3.Telenet 4.KBC 5. Ontex

We will see next year how this portfolio performed.

How to grow your 10.000 Euro Competition

Personally I prefer to keep it simple with categories with guaranteed 6% return higher than the inflation instead of 8 categories with no guaranteed return and a lot of complexity that people don’t understand anyways. Only invest in what you understand is important. Paul follows the advice of 6 financial institutions.

Going forward we will start a MONEY GROWTH COMPETITION with Paul D’Hoore as a reference point. His portfolio has now after three years investing 13.257 Euro. We only invested 7.000 Euro so far. Our goal is to perform better over time with our cash flow strategies such as dividend and options investing. We will invest in our investing knowledge to grow our money using different strategies.

The competition starts NOW !!

Well, good luck with your financial strategy and invest in your financial knowledge ! As always we end with a quote. A quote of Alan Greenspan that is still very accurate today in 2018.