1 Vanguard Index Fund Could Turn $450 Per Month Into a $905,200 Portfolio That Pays $16,400 in Annual Dividend Income
Key takeaways
- VIG NVDA The median annual income for full-time workers aged 25 to 34 was $59,280 during the first quarter, according to the Labor Department.
- Even a portion of that figure, invested wisely, could build a sizable portfolio over time.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
VIG NVDA The median annual income for full-time workers aged 25 to 34 was $59,280 during the first quarter, according to the Labor Department. That means after-tax earnings would be about $45,100 in the worst-case scenario. Financial planners usually recommend saving 20% of after-tax income for retirement, which would be $9,020 per year (or about $750 per month) for the median worker.
Even a portion of that figure, invested wisely, could build a sizable portfolio over time. History says $450 per month in the Vanguard Dividend Appreciation ETF (NYSEMKT: VIG) could be worth about $905,200 after three decades. And the portfolio could initially generate about $16,400 in passive income per year.
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 »