11–20 of 99 posts
Interesting, but I doubt people tend to invest this consistently and regularly. They probably have an easy time investing when times are good (and they actually have a few extra bucks to gamble with), and tend to not invest when times are bad (they're trying to eat). Take someone who was doing pretty good during the tech and real estate bubbles, and decided to invest their spare change in 1998, 1999, 2005 and 2006, b…
Interesting, but I doubt people tend to invest this consistently and regularly. They probably have an easy time investing when times are good (and they actually have a few extra bucks to gamble with), and tend to not invest when times are bad (they're trying to eat). Take someone who was doing pretty good during the tech and real estate bubbles, and decided to invest their spare change in 1998, 1999, 2005 and 2006, b…
Start here - https://www.bogleheads.org/
Well, someone should market this for parents. Definitely an opportunity for some company.
[0] https://bigfuture.collegeboard.org/pay-for-college/college-c...
Select public in-state college, and 18 years from now, 4 year, it will cost $225K. Better get saving!
They ignore the dividends that are paid on your capital, which is a significant portion of your growth, often even more than the capital gains.
Does this take into account commission fees ? If I am charged $7 per trade and I invest 1$ per day I am losing 6$ per day to commission. Or are you assuming this is commission free ?
Assuming this is going into an index fund. I'm guessing that fund management fees are not included.
There are a lot of index funds, for no apparent reason the first one I checked was VFINX and it's annual expense ratio is 0.17% which is pretty low compared to the average return over the past 90 years around 10%.
So the actual result would be a little lower, although not staggeringly so.
This is only true if there were no fees associated with investing, which is ridiculous. If you went to a stock broker with a dollar per day, you would be very lucky to end up with $0.01 in equity that day.