If You Invested $500 in the S&P 500 Every Month for the Last 20 Years, Here's How Much You'd Have Today
Investing in the stock market is one great way to build wealth and achieve financial freedom. Investing can seem daunting, but it doesn't have to be. With patience, persistence, and a long-term outlook, anyone can succeed in the stock market. The key to building wealth and growing your portfolio is consistently adding and holding stocks for the long haul.
When you set aside a specific dollar amount per month, also known as dollar-cost averaging, you harness the power of compound returns. One simple and effective way to build wealth is by investing in the S&P 500 index, which contains the 500 largest companies in the U.S. You'd be surprised at how much $500 invested in the index every month over the last 20 years would be worth today.
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Source Fool.com
