gerrym51 wrote:I think the point is with compound interest saving some is better than saving nothing.young people look at it as a small amount of money and why bother.
sscritic wrote:Rodc wrote:$300 a month at 12% gets you $3.5M after 40 years.
Maybe he rounded down to be conservative.
Maybe he was using a taxable account, and the missing $500,000 is for the taxes paid.
A $10,000 investment gets you a deep bench of 84 securities per dollar with Vanguard, 10 times the eight securities per dollar you get with iShares and State Street.