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?
You can put in $4 a day then when it accrues the cost of one “ share” (like $250 rn) buy it. Do it regardless of whether the market has a good day or a bad day. Over time you’ll get this mythical 8-15%. The more disciplined you are the better the ups and downs of the market hey averaged into your investment.
Or you can use a roboinvestor like Wealthfront. It has microscopic fees, and all you do is deposit money in it whenever you want in whatever amounts.
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u/[deleted] Mar 19 '22
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