Starting at $0? Here's How You Can Build Up a $500,000 Portfolio in 25 Years
Key takeaways
- NVDA ^GSPC If you're getting started with investing, you shouldn't feel discouraged if you don't have any savings built up.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- If you're committed to investing for the long haul (e.g., at least a couple of decades), a diversified index fund such as the SPDR S&P 500 ETF (NYSEMKT: SPY) can be a great option.
NVDA ^GSPC If you're getting started with investing, you shouldn't feel discouraged if you don't have any savings built up. Over time, investing in the stock market and letting your money grow can be a great way to build up your savings and portfolio.
Even if you're starting with $0 in your portfolio, if you make monthly contributions on a regular basis and invest in an index fund that gives you broad exposure to the stock market, you could still end up with more than $500,000 in 25 years, without having to take on significant risk.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »