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Joined 2 years ago
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Cake day: August 26th, 2023

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  • To do the math;

    $75 x 25 years at (a conservative) 5% = ~$253

    @7% it’s over $400.

    Probably not worth your time to wait 25 years for that.

    However,

    $10/mo at 7% is much more interesting: $8,200

    And $10/week: $34,500

    Over 25 years this isn’t huge, but it’s *something.”

    I used a very conservative % because past gains do not guarantee future performance, and one should not put all their eggs on one basket…But VOO over 30 years averaged 10%, so $10/week with $75 start @ 10% for 25 years is just under $55,000. Double it to $20/wk and you’ve got $108,000.

    IDK what’s in store for the world, but for now, people should invest early and regularly. If it all goes to shit even money under the mattress won’t help, so go for the % IMO.