ilmscore | Prediction Details
"the best thing for you to do is not put this money into the stock market I'll show you see if you have a $1,000 sitting in your savings account right now you have a few different options of what you can do Number one is you take this ,000 you go to the mall and your buy us up a new watch that's spending the money but now this ,000 is going to slowly go down to zero so you're essentially throwing this money in the garbage Option number two is you can save this money now if you take this ,000 and you put it into a high interest savings account that's paying let's just say 5% in interest now you're going to generate $50 over the course of a year not a ton of money but better than nothing it's better than spending that money but the third option is you can invest this money and this is where most people think oh you can put this money into the stock market or you can put it into real estate although you're not going to be able to buy a rental property with $1,000 in today's market so if you put this money into the stock market now you're trying to grow this money by 7 to 10% a year that has been the historical average when you invest your money into the stock market so let's assume you can get a 10% return on the $1,000 investment that means you invest $11,000 into the stock market after one year you were going to make $100 of profit"
By Minority Mindset | November 19, 2023 | Pending
From video
If You've Never Invested Your Money - Watch This 01:47:39 - 01:35:53
Interpreted Prediction
Suggests that investing $1,000 in the stock market to achieve a 7-10% return, resulting in about $100 profit in a year, is not the most effective way to grow wealth. It contrasts this with spending the money or saving it in a high-interest account.

Prediction Details

Topic
Investing $1,000

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