Per MarieClaire.com, I found a great way to invest your hard earned money! If you have at least $500 saved, a wise thing to do would be to “invest $500 a year for the next 10 years in the S&P 500 (an index of 500 diversified companies), and you’ll end up with $7,195 — assuming the S&P earns its historical annual average of 11.91 percent — says Jennifer Ellison, CFA, a portfolio manager at Bingham Osborn & Scarborough LLC. (An index may do better than individual stocks because highs and lows even out.)
The long-term profit potential is even more compelling. A 35-year-old woman investing $500 a year until she hits age 65 could amass $103,958 by the time she retires. (Just think of all the shoes you could buy with that nest egg!)”
For additional information on the S&p 500 click here.
