Investing Tips for Millennials - Save and Invest Regularly
People in their twenties and thirties have the unique advantage of having many years to let their investments grow from modest amounts to very substantial amounts.
For example, if you invest $200 each month at six percent for 20 years,
you'll have $92,408. If you invest $200 each month at six percent for 30
years, you'll have $200,903. If you hold
if you invest $500 each month at six percent for 30 years, you'll have $502,285.
The key to accumulating money is to make saving and investing a way of life.
Use the Recurring Investment Calculator to determine how much money you would accumulate by investing a given amount of money at a fixed annual rate of return for recurring intervals (annual, monthly or weekly) for a specified period in years.