Investing $20,000 might yield $350,000.
Looking to transform some money into a lot later? You probably are. You're searching in the correct spot The stock market is one of the few ways to acquire large wealth in a lifetime, even with little
Let's use the S&P 500 as a proxy for the overall stock market for simplicity. Individual stocks may lead to riches, but it's simpler — and frequently just as productive — to invest in the S&P 500.
One is how your investment is handled. Any profits should be reinvested immediately. Dividends, too.
Compounding This technique assures you have as much money working for you as long and as frequently as possible because you earn future rewards on earlier gains and not just on your original principle
Look at the $20,000 investment's progress chart. Half of the $330,000 net gain came in the last seven years. If you invested $20,000 for 23 years, you'd have little over $160,000
That's a big difference if your nest egg funds most of your retirement.
This indicates you should invest early in life.