This 1 Stock Market Chart Will Make You a Smarter Investor

How would you like to turn $300 a month -- about $10 a day -- into a nest egg worth over a half million dollars? The chart below illustrates a very straightforward path that could have done just that for you. It shows what would have happened if you had invested $300 a month on the first trading day of each month into the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) and reinvested your dividends.

That's it. That's all you would have had to do between February 1993 and April 2021 to turn $300 a month into just over $525,000. The incredible simplicity of that plan is why this one stock market chart will make you a better investor.

Chart by Author based on data from Yahoo! Finance.

Source Fool.com