Is it worth investing if I can only contribute $50 a month? - eviltoast

Assuming I have a time horizon >10 years.

  • Hacksaw@lemmy.ca
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    9 hours ago

    To overcome inflation you need returns higher than inflation. That’s it. Historically the markets outperform inflation. You’re saying things out of fear and not reality.

    • JoshuaFalken@lemmy.world
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      4 hours ago

      Funny how a mistake in a single sentence earns vitriol on the entire comment.

      Despite what I’d mistakenly wrote, I meant that to overcome inflation and see a return of double to quadruple your investment - which is what the comment starting this thread suggests as the outcome - you’d have to beat the market by around 10%.

      Regardless, my point was more to do with whether someone with only $50 to spare a month is truly in a position to invest in anything or whether they might be better off saving it for a rainy day or something like that.

      If someone has a few dollars to spare come month’s end, but has found themselves skipping the odd meal, that money would probably be better spent on a small grocery trip than putting it into an ETF that’ll take years to turn a profit.