$350/month will make you a millionaire
 

By just investing $350 per month with a 15% yearly return, you'll become a millionaire in 25 years or so. Doesn't get any simpler than that:thumbsup

isnt 15 percent pretty hard to keep doing for 25 yrs, year in year out?

15% is an average return. Some years you'll make less and other years, you'll make more.

ok but what do you invest in that is going to give u that kind of yearly return

I prefer the $175 and 30% route.

15% is average?

I don't think so..

Stocks portfolio of corse. Ideally consisting of stocks of high-quality, low-profile small companies....But the key is you gotto be be patient and think long term.

15% average over 25 years

your dreamin

even if you do that, and start at the age of 30, you'll be 55, old and gray by then.

I like high risk mutuals myself

People live longer now a day. 55-year old is still young.

Congratulations on making a 15% return for the last 25 years!

How is buying and keeping (or seldom selling) quality small-cap stocks dreaming?

Over the long term there is no high risk deversified portfolio:winkwink:

Are you doubting the power of compound interest? LOL

yeah well..i have been looking into roth ira's atm... stocks are to unstable for me

Stocks are unstable if you're in it for the short term and/or spread over just a few companies.

15% is on the high end if you ask me

25 years???I cant wait so long.

This thread is proof of how ingnorant joe public realy is. Seriousley, 15% average over 25 years is a fucking cakewalk with all the dumb money in the market(s) these days.

You're looking at it the wrong way. All you're doing is putting aside a little $350 per month that will not affect your daily life but will be appreciated down the road.:winkwink:

very true.

No we're doubting a 15% average annual return over a long period of time. It just isn't going to happen for 99.9% of people.

If you're really good at timing the market and picking stocks you can do that, but the average Joe who puts money into a mutual fund and leaves it there is going to do 8-12% over the long term.

that's GREAT and all but in 25 years millionaires will be working at fucking Best Buy... Shit the average price of a home around here is fucking 4-500k :(

So in 25 years you'd need to have many millions to be "wealthy"

To tell you the truth putting your money into mutual fund is not very wise. Most mutual funds will underperform the market, you'll be better off buying index funds in the long run. Trying to time the market is not a good idea neither.

too bad though that in 25 years, 1 million will be worth like 400k is now (if not less)... so you are looking at more like 30 years...

and even then, 1 million isn't even THAT much, you pay taxes on it, buy a nice house, buy a nice car, take a vacation or 2, and you are left with not much at all...

...and like other have mentioned 15% is pretty unreasonable... which index has averaged 15% over the past 25 years? (assuming one would invest in index funds like you suggested?)

if you diversify your portfolio, your return usually goes down with time and meets the market average of 8%, but that's only if the market is efficient, it all depends on how much equity you got riding in your portfolio.

the only way i can think of that might get you a steady 15%/year is buy in on a hedge fund with a super star manager

15% lol... yeah, okay then. Let me know how that works out for you

Don't you spend all yours at the strip club though?

Yeah, that is all fine and good, but $1,000,000 is nothing anymore. My wife is closing a cash sale on a house in that neighborhood this month...

$100,000,000 or the big B mark are really what it takes to impress people these days.

Who needs to impress anyone?

I know from when I worked in that industry that it is quite easy to achieve that by using quality fund managers. If you use the tax wrappers (if they are available where you are), look long term and appreciate compound interest, plus pay monthly as opposed to annually thus buying more units of a fund with your money when the markets dip... Then you could quite easily do that.

Why would you invest in someone other then yourself?

15% for the next 25 years would be very difficult. Some people will do it but it will be an extreme minority. I would bet less than 1%.

The idea is basically right though. why not use a greater amount per month and a lower rate of compounding. Has to be noted you have to do it in a tax-free account?

Only if your portfilio mimmick the S&P Index, your return will average 8%-12% in the long run. You can increase your return by replacing blue chip stocks with quality small and micro cap stocks.

LOL. Actually, I always pay myself first (i.e. invest and save) before spending on anything else, including on strippers:winkwink:

The greater the amount you tell people you need to put aside, the less they're are willing to start investing.

You are tho, if you are going for the long run, you need to put it in a tax free account.

Isn't better to at least have what you mentioned than having nothing to show for all the money you spend during those 25 years?

Ahh.... skeptics are what makes the world go round.

Alex offered a positive light in an otherwise very negatively driven message board and all any of you could think of to do was beat it down as best you could.

I'd just like to point out though, that not one single person who shunned this idea is a millionaire. Not one.

Think about that.

Sorry, but this post confused me. :)

I thought you had said that index funds would have an average return of 15%. Did I misunderstand? Or are you saying that they achieve that by the above mentioned supplemention?

Somehow I don't trust these.
 

Why would You need us? Bank can give You money with much lower % so rest % for You are much higher. If the project is that good, You'll mortage Your house, Your wife, Your kids, Your dog, Your organs and do it Yourself. There are only way You need us is:
1: You are not sure if You don't bankrupt in few months and You need to risk others money, this means it would probably end as nice SCAM.
2: You don't have any project and it's planned SCAM.


25 years? Cancer will kill You sooner.

Unless I missed something, he's speaking in general of investing in the market, and illustrating what a person could achieve by saving/investing.

most have just read The Wealthy Barber or something :)

Yep, my fault.
 

But it seemed so much like HYIP promotion ;)
Anyway, You didn't read my EDIT on the post ;))

Cya.

You are right, your edit slid right under my eyeball radar. :winkwink:

I agree with the first part, I only buy index funds from Vanguard. I also time the market and do very well. You have to know what you're doing though, it's not for everyone.

I did say the "average joe" will put their money in mutual funds, which is still alot better than a savings account. Most ppl are stuck with the funds offered by their companies' 401(k) plan. :2 cents:


This isn't true, it's too general of a statement. Small cap stocks are much more risky than blue chip stocks. So while the winners will definitely outperform the market, the losers will totally disappear, happens all the time.
There's a reason blue chips are blue. 70% of "microcap" stocks go bankrupt within 5 years.

I prefer $1 and 100%

and I can have $1 million in 21 months.

I beleive I said that index funds are better than mutual funds. To get higher return, you need to invest in low profile quality small cap stocks.