berryjam@lemmy.world to

No Stupid Questions@lemmy.world · 1 day ago

Is it worth investing if I can only contribute $50 a month?

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Is it worth investing if I can only contribute $50 a month?

berryjam@lemmy.world to

No Stupid Questions@lemmy.world · 1 day ago

Assuming I have a time horizon >10 years.

Edit: thanks for all the replies!!

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https://www.calculator.net/investment-calculator.html?ctype=endamount&ctargetamountv=1%2C000%2C000&cstartingprinciplev=0&cyearsv=10&cinterestratev=8&ccompound=annually&ccontributeamountv=50&cadditionat1=beginning&ciadditionat1=monthly&printit=0&x=Calculate#calresult

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