Andrew Lokenauth on Nostr: Tip for people in their 20s: A 24-year-old only needs to invest $100/ week to have a ...
Tip for people in their 20s:
A 24-year-old only needs to invest $100/ week to have a $1 Million portfolio by age 55 (in an S&P 500 index fund).
If you wait until 30 to start, you will make $400,000 less.
If you wait until age 40, you make $800,000 less.
Time is your biggest asset. Use it to your advantage.
Published at
2024-06-07 13:28:04Event JSON
{
"id": "4bf670b04edb6f384268e96eaa31d305d86acf628aa42fb62e621f380b3fc20a",
"pubkey": "7d1f7182342197cd56100bd8ae71d0638635daa26a91adfce41a6ae4b9d55ad1",
"created_at": 1717766884,
"kind": 1,
"tags": [
[
"proxy",
"https://mastodon.social/@FluentInFinance/112575570525227190",
"web"
],
[
"proxy",
"https://mastodon.social/users/FluentInFinance/statuses/112575570525227190",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://mastodon.social/users/FluentInFinance/statuses/112575570525227190",
"pink.momostr"
]
],
"content": "Tip for people in their 20s:\n\nA 24-year-old only needs to invest $100/ week to have a $1 Million portfolio by age 55 (in an S\u0026P 500 index fund).\n\nIf you wait until 30 to start, you will make $400,000 less.\n\nIf you wait until age 40, you make $800,000 less.\n\nTime is your biggest asset. Use it to your advantage.",
"sig": "cc61214e07ccaef94b7657d55caba462b05bd0c304c0b742e73b4d9849db21865582c6ac4c0e315742e1ff91dd107955800165b663f2b51cca3d6bd28fa0d7e0"
}