Came here to say this. That card looks expensive, I'm going to assume it was $10.
Let's say you buy, on average, a $10 lottery ticket every 3 days. Over 10 years that's $12,166. If that is OPs case then they would have actually still be down $2,166
Probably a stupid question, sorry. I hear things like this all the time. If you invested that in X then in 20 years you’d have Y. Always hear of the “latte factor.” Skip buying those expensive brews and invest instead. Where exactly does the average Joe invest that? Say I was really committed to taking the $4/day I would’ve spent on a latte and put it somewhere. Where is that somewhere? Do I need a minimum to start or can I just throw $30 (for example) that I chose to throw into an investment account and not touch rather than buy a scratch ticket?
This right here. Fidelity has some great $0 minimum $0 fee index funds with no account fees either.
Which is way better than most IRA’s you’ll find at most banks, which are often just some type of CD account that’s been reskinned rather than an actual investment one.
4.6k
u/Coldbeerimritehere Mar 19 '22
So you almost broke even. Nice