Opt to reinvest all dividends & distributions, and watch your money grow! It's a beautiful thing...
At $250 a month, even if you never increase that amount, your account will grow to be worth between $535,831 and $1,183,438 by the time you reach full retirement age!
I'm 19 and I really want to start some compound investments. Im really thinking about doing a mutual fund but I have no idea where to get started. I work part time and am going to school, so I couldn't put alot away to start out with probably about $250 a month. But I know the earlier you start the better, I just don't know where to go to get things rolling.
Also if you have a better suggestion for compound interest than a mutual fund im open to suggestions. Thanks everyone!