Investing
To figure this out, I downloaded the historical S&P 500 data going back 100 years and wrote a small program to analyze it. Your investment over this time is only $120,000 but the average final value is close to $2 million!
The WORST this strategy has ever performed is if you started in 1969 and ended in 2008 in the middle of the financial crisis. Your $120,000 would have turned into only $1,230,502. The best it has ever performed is if your 40 years ended in 1999 at the height of the dot com boom where you would have had $3,509,126.
Investing in index funds is about as simple as it gets. You click a few buttons on a website, put your money in and leave it. But I know that it can be a super intimidating process to those who are new at investing. I get approximately a million questions a day on how to get started investing, such as:
• How much should I invest?
• Which type of account should I open?
• Which is the best index fund?
• Should I buy an international index fund?
• How do taxes work?
Well to answer those questions and dozens more, we are having a "Learn to Invest" week starting this Monday! We will be posting every day with all the tools you need to confidently invest! We'll also be offering a big discount on our index fund course (averaging 4.98/5 stars!). Comment "INVEST" below and we will send you a DM to sign up to get all PFC posts sent to your email!
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
