$Invesco QQQ Trust(QQQ.US) Compound interest requires patience. Investing $1,000 monthly in the Nasdaq 100, based on historical returns, would grow to 6.93 million after 30 years.
Your total principal investment would be only 360,000, with time earning you 6.57 million. That translates to a daily return of $600, or a monthly return of $18,000.
The true cruelty of compound interest lies not at the finish line, but at the starting line.
For the first decade, the growth curve is almost flat against the ground. You invest month after month, but the account balance barely moves, even shrinking in the initial years, like throwing money into a bottomless pit. Then you see this person getting rich from penny stocks, that person striking it rich through speculation, all sorts of noise tempting you... Most people give up at this stage, not because they don't believe in the math, but because they can't endure that long stretch of "no feedback."$Apple(AAPL.US)$Alphabet(GOOGL.US)
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