It’s simple: compound interest requires several years to multiply your savings. The more the better. It also helps to add a certain amount monthly.
“The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett.
If you invest for 50 years just as Uncle Warren you have a good chance of becoming a multi-millionaire or even a billionaire. True story.
Your long-term goals may be:
- financial independence
- early retirement in a few decades
- covering medical bills if you’d like to live until a 100 years old
- making your children and grand children quite wealthy
All you have to do is:
- Sign up with eToro
- Deposit $500
- Pick a Popular Investor you like and trust
- Wait for your profit a few days / weeks / months (depending on current market conditions)
Sounds good? It is.