Clickbait title out of the way...this is not me asking for advice. This is me trying to get clarification. Consider the following order of events:
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Have $3000 to invest.
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Put the $3000 into an S&P 500 tracker like VOO (a name I have heard around here).
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Contribute a portion of my monthly income to said account (say $360).
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Wait 30 years...
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Have $650,861.59 (considering an average of 9% yield annually) in value on that investment...then what? Is that money liquid? Is it just sorta....there statically?
My thing is this...if it is NOT that simple...what am I missing? If it IS that simple...then why wouldn't everybody DO something at LEAST that basic (to varying degrees since people vary in how fortunate they are and where they can start) to outpace inflation.
I am obviously very new to this and I want to make sure that I am not getting sold to or dazzled. I have never invested in my life and am just trying to see the angle here. I am not a "wheeler and dealer" or anything like that....I don't like risk. But why wouldn't everybody put a little bit into the lower risk and more passively managed options if the returns are so beneficial?
Thank you!
Submitted November 11, 2024 at 12:04AM by Prudent-Ad486 https://ift.tt/ZXbgu6W
