Buying S&P500 Monthly (20 year old)

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