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re: Dividend stocks and DRIPs as a long term investment vehicle
Posted on 6/24/13 at 9:05 am to Ace Midnight
Posted on 6/24/13 at 9:05 am to Ace Midnight
quote:Yea I was gonna point this out. But you could probably afford much more than $200/month nowdays so it might work out?
That's a little bit of a problem with your youth, though, Big Fella - $200 was a $hit ton of money in the 70s.
1
Posted on 6/24/13 at 9:08 am to jimbeam
quote:
But you could probably afford much more than $200/month nowdays so it might work out?
Yeah, but money invested today means nothing - money invested 28 years ago means everything. That's the problem with the youth - they can't save anything reasonable, so they spend every penny. Putting away just $10 a week in your 20s has 40+ years to compound - by the time you're 45, there isn't enough time to make up ground.
This post was edited on 6/24/13 at 9:17 am
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