And anybody who types anything stupid that suggests that you will automatically earn 8% in a year is just ignorant about the subject.
If you are saving for a purchase, then you should just save for a purchase.
Investors (as opposed to gamblers) receive an average of about 8% return per year on their investments. So you should be able to spend $8 per year on your family's vacation.
Ask your grandma
I intend to invest $100 into a some sort of vehicle for one year and then take all the that money after a year and use it for a family vacation every year. So in other words I would repeat this every year.
My question to you folks is what would be the best investment path to take to accomplish this?
Thanks
