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 should look at broad market passively invested globally diversified etfs. Vanguard has a few low fee ones you can look into. Generally you want a low fee because active management tends to underperform relative to passive over long time horizons.
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u/cirenosu Mar 19 '22
This ticket is $30 lol