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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- ZEROHERO·01-04TOPHi, 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 years1Report
- ZEROHERO·01-04S&P 500 (SPY) track records1Report
- ZEROHERO·01-04Nasdaq (QQQ) ROI1Report
- Alihuat·01-05thanks @ZEROHERO1Report