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Robinhood lets you buy for $1 so yes you can start by investing that little. And $2/week from age 18 to 65 will give you $100k by just following the S&P. If yo
by manigandham 7y ago
Robinhood lets you buy for $1 so yes you can start by investing that little. And $2/week from age 18 to 65 will give you $100k by just following the S&P.
If you can buy lotto tickets then you can invest, and if you're buying lotto tickets then you're probably wasting other money too.
- robjan 7y agoPlease tell me what extrapolation you are basing this on? Even if you dump all the money into SP500 today and backtest that I can't get close to your figures unless I backtest against the recent bull market only.
- manigandham 7y agoAverage annualized return rate for S&P is about 10%. $8/month x 47 years @ 10% = 100k roughly. Try this: https://www.daveramsey.com/smartvestor/investment-calculator https://www.daveramsey.com/smartvestor/investment-calculator
- deleted 7y ago[deleted]