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Reply to "$1,000 investment for babies?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$1,000 would generate $304,000 by age 60 assuming a standard rate of return for the S&P 500, which is 10%. If these kids kept it in until 70 it would balloon to $789,000. By 80 it would be $2.04 million. This is a great proposal. I would have loved it if Obama or Biden proposed it. I don’t care that Trump proposed it. Same applies for no taxes on overtime or tips. Dems should pick their battles. Publicly opposing this because orange meanie is doing it is bad politics. [/quote] I'll believe it when I see it. [/quote] You’ll believe stats about the historical yearly average performance of the S&P 500 for 100+ years that you can easily search for on Google? Okay! Cool story.[/quote] DP it depends on your timing. [/quote]
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