Hi all!
I'm new to this sub so my bad if I sound like a complete newbie.
I am always intrigued by the idea of the compound effect, and after months of research I decided that I will put 100% of my monthly investment contribution into the index fund (S&P500).
I earn around 4k monthly (48k annually), so I will be putting $500 every month followed by 10-20% increment every year.
Is this a good idea? I plan to put it over 10-20 years.
Submitted May 22, 2018 at 04:10AM by liptonaround https://ift.tt/2GDOh3D
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