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Business, 16.07.2019 18:10 fitzghost

Assume you will invest $1,000 per month, starting with 0, and will invest for 40 years. also assume a rate of return of 11% (u. s. large cap stocks average approx. 10.5-11.0% per year over long periods of time - you should be able to approximate this by investing in a diversified portfolio of u. s. stocks, such as in a mutual fund or exchange traded fund based on the s& p 500 index). how much will you have 40 years from now? american century is a mutual fund company - what funds do they have that could you accomplish your goal? how do they compare with funds available from fidelity investments and vanguard (the largest and second largest mutual fund companies, respectively). pick the "best" fund/funds that you think will achieve 11.0% per year - remember to be diversified by economic sector, number of stocks, etc. congratulations - you just learned how to become a multi-millionaire!

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