Alihuat
2024-10-11

Hey, I've been thinking about saving for my child's education. I've been looking into index funds and it seems like a good option. I calculated that if I start investing $500 now, assuming a 5% annual return, I could potentially reach my goal of $65,000 in about 18 years. Of course, this is just an estimate, and I'll need to keep an eye on my savings and adjust as needed.

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Comments

  • ZEROHERO
    01-04
    ZEROHERO
    Hi, you can consider investing in S&P 500 (SPY) cos it gives 10% ROI per year or Nasdaq (QQQ) for 17% ROI per year. Say you invest $200 per month based on 10%, this will be your returns after 18 years
  • ZEROHERO
    01-04
    ZEROHERO
    S&P 500 (SPY) track records
  • ZEROHERO
    01-04
    ZEROHERO
    Nasdaq (QQQ) ROI
  • Alihuat
    01-05
    Alihuat
    thanks @ZEROHERO
    • ZEROHERO: 
      Welcome. I’ll invest $100 in SPY & $100 in QQQ for the long term. Best to start with their CNY red packet. FYI, I’m investing using CPF OA with Endowus tracking S&P 500 cos ROI better than 2.5% as illustrated. All the best!
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