facebookWhich investment plans can turn $1,000 a month into $1,522,077 over a span of 40 years as stated in the article below? - Seedly

Advertisement

Anonymous

07 Jun 2019

SeedlyAMA

Which investment plans can turn $1,000 a month into $1,522,077 over a span of 40 years as stated in the article below?

Compound Interest: A Ridiculously Easy Way To Get Rich https://blog.seedly.sg/easy-way-get-rich-compou...

AMA The Fifth Person

Discussion (7)

What are your thoughts?

Learn how to style your text

Victor Chng

07 Jun 2019

Co-Founder at Fifth Person Pte Ltd

Hi,

Based on the figure in the article, it seem like the annual return is about 5%. Investing in stocks can achieve the follwing figure but a more safer way, I would suggest is investing in index ETF. In generally most index should be able to achieve the given percentage except for Japan market index.

View 3 replies

Nicholes Wong

17 Feb 2019

Diploma in Business Management at Nanyang Polytechnic

Stocks, ETFs, Robo advisors and so on. There are a lot that can do that but you have to comfortable with dealing volatility and dont panic sell when prices drop. Investment can go down not only go up.

The article assumes appreciation of 5% which can be achievable through stocks in most markets up to ...

Write your thoughts

Advertisement