ilmscore | This Is How To Become A Millionaire: Index Fund Investing for Beginners

This Is How To Become A Millionaire: Index Fund Investing for Beginners

Published: 2020-12-19

Status: Available | Analyzed

Predictions from this Video

Total: 7

Correct: 0

Incorrect: 0

Pending: 7

Unrated: 0

Prediction

Topic

Status

VTI (Vanguard Total Stock Market ETF) is an index fund tracking over 3,586 stocks, offering investment in the entire US stock market.

"vt sacs is another good one which is a total stock market index fund which has over 3586 different stocks"

Pending

Actively managed funds underperform market index funds by an average of 2% annually.

"the average actively managed fund returns two percent less a year than the market in general"

Pending

The S&P 500 has averaged a 13.6% annual return over the past decade.

"The average return on the s p 500 over the last 10 years has been 13.6"

Pending

Holding an S&P 500 index fund for over 20 years has historically resulted in no losses.

"no one has ever lost any money if they've bought and held an s p 500 index fund for more than 20 years"

Pending

Investing $250 per month at an 8% annual return is projected to result in over $1 million in 42 years.

"if you're able to invest 250 dollars per month with an 8 annual return over 42 years you'll have over a million dollars in your account"

Pending

Continuing the $250/month investment at 8% for an additional 10 years (total 52 years) is projected to result in over $2 million.

"if you're able to invest that for another 10 years you'll have over 2 million in your account"

Pending

The speaker's personal investment strategy allocates 70% to US companies, 20% to international (including UK), and 10% to bonds.

"i would say probably about seventy percent american 20 in other countries including the uk and ten percent in some bonds"

Pending