Here's How Saving $15 Per Day Could Create a Portfolio Worth $1 Million in 30 Years
Investing in a top growth fund on a regular basis can be an effective way for investors to achieve significant gains.
Overview
Investing small amounts of money on a recurring basis can be as effective as putting in a large lump sum at once. It also has the added benefit of getting people used to saving and investing regularly, which can create good habits and reduce risk by spreading investments over time.
By saving and investing an average of $15 per day, an investor could build a portfolio worth over $1 million after 30 years. Here's how.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.