The phrase "time heals all wounds" may be first attributed to the Greek poet Menander... according to Google. I don't know him nor do I know the kind of life he lived, but he had a point.
It is amazing what TIME can do when you invest, especially when your initial stock market experience is poor.
Allow me to demonstrate with two fake people.
LINKS
- Learn more about Dallin https://dallincutler.com/
- Subscribe to the channel www.youtube.com/@insightwdallincutler
SOURCES
- Kwanti - https://kwanti.com/
- Russell 3000 Index - factsheet - Russell 3000 Index
The Russell 3000 is an index of the 3,000 largest US companies - aka a good bench mark for the US stock market.
DISCLOSURES
How I came up with Carmen and Claire’s investment account values at the end of their nearly 22-year investment experience:
TVM Calculator
- I compounded monthly because they both started investing mid-year in 2022
- Carmen – I input 259 months or periods (He started May 20th, 2002 / 12 months for 21 years and 7 months for the 2002 year)
- Claire – I input 257 months or periods (She started July 15th, 2002 / 12 months for 21 years and 5 months for the 2002 year)
- I used their annualized returns of 9.15% and 10.16% over the full nearly 22-year span.
- Dallin works for EP Wealth Advisors
EP Wealth Advisors, LLC (“EP Wealth”) is a leading independent
registered investment adviser (“RIA”) on a mission to provide clients with honest and objective advice through personalized financial planning, customized investment portfolios, and integrated tax and estate planning.