This is a wild story of a personal investor building an incredible fortune. Reece Duca started with just $2,000 in his personal investing account. Five decades later, that account is worth billions. And Duca has done it without bringing on external funding.
As this profile explains, it wasn’t an overnight success. In the first 3 and a half years, Duca turned $2,000 into $7,000. Duca then went to Stanford Business School and while he was there, turned his $7,000 into $75,000. After graduating he started investing his money full time. In the first 5 years after graduating, that $75,000 turned into $2 million. And in the five years after that, $2 million into $7 million.
We include these steps to explain that while Duca was generating an incredible annual rate of return, all of these steps seem manageable over the span of 20 years. When we start to think about growing our own personal portfolios in a similar way, building wealth can feel a lot more achievable.
From there, Duca went on to have plenty of success in business, including founding a company GlobalEnglish and getting involved and eventually becoming the largest shareholder of The Learning Company. At the same time, as his portfolio grew, he was able to hire great managers to invest portions of his portfolio.
We’d never heard of Reece Duca before this profile. But his example serves as a reminder that building wealth is within everyone’s grasp, even if we’re starting with small amounts of money. With the right level of work, insight and luck, the stock market allows stories like Reece Duca’s to happen.
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