You just inherited $1,000,000 from an aunt you didn’t even know existed. What’s the first thing you buy (or otherwise use the money for)?
No, no, no buying folks, more savings! Invest it in the stock market and reap the reward in the next ten years, without actually taking the capital. Do you know that if the stock market perform 10% (the average growth of DJIA) and you leave it there for ten years, it will turn into $2.593.742?
Well i’d rather take it 2.5 million in the next ten years rather than one million now, assuming I will still be alive in the next decade. Anyway, how many goods do we need and will sastisfy us? It is a rat race, and endless pursuit with no finish line.
Pingback: Daily Prompt: Gone with the Windfall | tnkerr-Writing Prompts and Practice
Pingback: Gone with the Windfall – Inclusive School in the Philippines | Understanding and Embracing Diversity
I’m not banking on being here in ten years, and I don’t trust that market thingy anymore. But, I have to agree it’s a great way to earn income – if you’re lucky enough to have the $$ to invest in dividend-earning stocks that won’t tank or vanish at whim. Saving is awesome if you can afford to do it, though! 😀
I understand that many people loss their money in the stock market, but look at the chart for the any decades you choose, it always turns positive. If we could just leave it there for a decade and have the patient to do so, we will reap the rewards. I’ve made my mistakes as well, cheers