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That would be a total return of 1,645%.
And it’s pretty simple.
Invest a dollar into anything that provides an average return of 10% over 30 years and you got it.
For example, over the last 30 years, with dividends and interest being reinvested, the S&P 500 has averaged a return of 10.52% as of May this year.
If you had put $10K in the S&P 500 30 years ago and never touched it, you would have over $200K right now.
Now, the key thing here is the rate of return. For example
At 7% return, you make $6.61 for every dollar invested over 30 years.
At an 8% return, you make $10.06 for every dollar
At 9% return, you make $12.27 for every dollar
At a 10% return, you make $16.45 for every dollar
So if you want to make a ton of money with your money, the key is to invest in a solid portfolio over the long-term.
Hope this helps!
Subscribe to learn more about finance!
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Uploaded At Sep 11, 2024 ^^
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RYD date created : 2024-09-12T00:39:48.982592Z
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@punksonly
3 months ago
what is this nga yapping about bruh🙏
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