Open the Tin and Discover The Possibility of How Rico You Can Become!
This is not a drill familia! You CAN make $100 per day with index funds! You just have to be savvy about where you put your money. And no, we are not talking about that Bustelo can!
So first things first. What is an Index Fund?
Think of an Index Fund as a tin of the Royal Danish Cookies we all love –and that can later be used as sewing supplies storage. The tin –or an Index Fund– comes with a variety of cookies and each cookie represents a specific stock, by buying the tin you will not only get options but also a lower price point per cookie.
Essentially, instead of buying a single stock from a company, an index fund allows you to purchase a small portion of multiple companies in that specific portfolio.
So why invest in index funds? Because they are affordable, a great way to diversify your portfolio, and tend to generate solid returns over time. This is a great option for all of us, especially those of us who are new to the investing game.
In order to get started, you don’t need thousands of dollars, all you need is a few hundred dollars each month. With that small amount, you have what it takes to buy small portions of stocks through an index fund! Time to toss those excuses out the window along with those old stinky ripped socks.
Some of the most popular Index funds are:
Shelton NASDAQ-100 Index Direct (NASDX)
SPDR Dow Jones Industrial Average ETF Trust (DIA)
Vanguard Russell 2000 ETF (VTWO)
Remember that when it comes to investing, it is all about doing the research and choosing an index fund that is right for you and your financial goals.
Now building this $ 100-per-day return is going to take time!! As the saying goes, all good things take time and in order to live la buena vida you need PATIENCE.
More likely, you’ll either be getting your gains from 1) Dividends and 2) The General Growth of the Market! It’s important to note that dividends will only be a small portion of your gains, while the majority of your gains will come from the general market growth.
It is estimated that Index Funds can grow up to 8% a year. That means that if you were to invest $1000 you would get around $80 in return per year. Essentially, as the price of index funds goes up over time so does your money!
Enough hypotheticals, what can you do now to get to this level of wealth? Well, if you invest as little as $10 every day in your early 30s by the time you reach retirement age you will have over a million dollars in your retirement fund!
As we’ve said before, long-term investing is the way to go! If you’re eager to learn more about investing and money management, don’t miss out on our FREE SUMA Academy!
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