| P2P personal loans to pay off credit cards |
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oldguy
Senior Member
Cash: $ 309.30
Posts: 1481
Joined: 21 May 2006
Location: arizona
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quote:
But I've used Fidelity's projection tools to see where i'll be in 30 years and it comes up with about $610K total.
The $21,000 + $6000/yr would be about $600,000 in 30 yrs with a 6%/yr return.
Or $885,000 with an 8%/yr return.
Or $1,350,000 with a 10%/yr return.
Or $2,070,000 with a 12%/yr return.
So it is important to your far-future wealth to choose the investments wisely. (The US total market index historically has an 11%/yr return, it is a common & good choice for longterm investing).
And of course the outcome changes significantly if you change the input - eg, $12,000/yr gets you twice as much. And a company match adds directl;y to the outcome.
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Thu Jun 23, 2011 6:23 pm |
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auto27
New Member
Cash: $ 0.80
Posts: 4
Joined: 24 Jun 2011
Location: UK
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For detailed information and advice try this resource : Financial-Loans.net
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Fri Jun 24, 2011 3:02 pm |
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