✉news BusinessPersonal Finance first seen 22 h ago, last 7 h ago, peak #20
Munger's Index Fund Advice: $400 Monthly Could Grow to $813,000
Original: Charlie Munger Said Most People Should Own Nothing but Index Funds. $400 a Month in VOO Could Become $813,000
Personal finance commentators are revisiting Charlie Munger's advice that most investors should stick to low-cost index funds rather than pick individual stocks. An analysis by 24/7 Wall St. calculates that putting $400 a month into the Vanguard S&P 500 ETF (VOO) could grow to roughly $813,000 over time, illustrating the power of consistent investing and compound returns in a broad market index fund.
Why now: Investors continue citing Munger's simple index-fund philosophy to promote long-term passive investing strategies.
Charlie MungerVOOVanguard24/7 Wall St.S&P 500
Evidence
- Charlie Munger Said Most People Should Own Nothing but Index Funds. $400 a Month in VOO Could Become $813,000 · 24/7 Wall St.
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