From The Motley Fool · Ben Gran · · 1m
Simple Strategy Builds Life-Changing Wealth
Consistent S&P 500 investing with minimal effort can create life-changing wealth over decades.
In brief
Consistent S&P 500 investing with minimal effort can create life-changing wealth over decades. Investing $300 monthly in VOO with 10% annual returns reaches $529,469 after 24 years. Originally reported by The Motley Fool.
Simple Strategy for Wealth
Making big money in the stock market might require less effort than you think.
S&P 500 History
The s&p 500 has delivered 10% average annual returns over 98 years since 1928.
S&P 500 Fund Strategy
Buying shares of a fund that tracks the s&p 500 index might be enough to build wealth.
VOO Performance
The vanguard s&p 500 etf (voo) delivered 15.3% average annual returns over the past decade.
Compound Growth Example
Investing $1,000 at 15.3% annual returns grows to $2,038 after five years.
24-Year Wealth Goal
Investing $300 monthly in voo with 10% annual returns reaches $529,469 after 24 years.
Long-Term Success
Patient, consistent investors tend to win in the long run despite market volatility.
The essence
Investing $300 monthly in VOO with 10% annual returns reaches $529,469 after 24 years.
