EGoldBiz.biz
Title
egoldbiz.biz
Description
Excerpted from the website:
- Probably the most important thing you need to know about building wealth is the power of making regular periodic investments and reinvesting rather than spending the profits. The results you would get following this discipline are surprising. Say you start with nothing, but decide to put $500 of your income into an investment account every month, and you commit to letting your money ride. That means you cannot withdraw any funds until you have reached your long-term goal. The overall market, at least as measured by the S&P 500 index, returned 11.8%, on average, annually over the past 10 years. If you achieve that same return, you would have $114,000 after 10 years. But it gets better. You’ll have $486,000 if you stick with the plan for 20 years and a cool $1.7 million in 30 years. The process I’m describing is a combination of two powerful investing strategies: compounding and dollar-cost averaging.
