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Re: CrashOverride post# 508455

Friday, 08/26/2022 9:24:09 PM

Friday, August 26, 2022 9:24:09 PM

Post# of 698494
If you’re young enough to have a 20-30+ year investment horizon, you could do a lot worse than regular periodic investments in an S&P500 fund or other broad market index fund, reinvesting dividends, and not trying to time the market.

Putting it on auto pilot like automatic deductions from the paycheck is simple and effective and usually not missed since you get used to having less net disposable take home pay. Starting this as early as possible is much better than starting later even with more money due to the power of compounding!

I’ve recommended this to my son for over 10 years and he just hasn’t done it until this year I hope

I know most posters here are aware of this basic approach, but there may be a few newbie youngsters who might benefit!

It works and makes millionaires, you younginssmile
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