Thread by Harvey Hanssen🦈: Fear of investing cost the world 1000s of millionaires. Anyone can retire RICH and EARLY. But where the hell do you even start? Here's a simple breakdown to help you build your fortune:

Fear of investing cost the world 1000s of millionaires.

Anyone can retire RICH and EARLY.

But where the hell do you even start?

Here's a simple breakdown to help you build your fortune:

1. Investing explained

Investing means committing money for longer or shorter periods of time for financial gain in the future.

If done correctly, the risks are acceptable, and the profits can be significant.

Building wealth is much simpler than most people think.

2. Investing in Index funds

An index fund is a type of a mutual fund with a portfolio constructed to track a particular stock market index, such as the S&P 500.

The benefits are:

◾️ Wide spread
◾️ Acceptable risk
◾️ Low management costs
◾️ Minimum investment skills needed

3. Dollar Cost Averaging

DCA is a strategy that involves building positions by investing equal sums of money at regular intervals, regardless of the price of the product or what is happening in the financial markets.

4. DCA calculation model

If you would start at age 20:

◾️ Invest $100/ month
◾️ For the next 35 years
◾️ Annualized yield of 10%

You would have $342.589 at age 55.

$500/month would make you $1.7 million.

Don't believe me? find out yourself:
www.calculator.net/investment-calculator.html?ctype=endamount&ctargetamountv=1000000&cstartingprincip...

Below I've put 3 solid ETFs together to help you get started:

5. Vanguard S&P 500 UCITS ETF

This ETF mainly focuses on the top 500 companies in the US.

TOP 3 industries:

1. Technologie (23%)
2. Healthcare (16%)
3. Financial services (15%)

◾️ Yearly yield over 10 yrs: 13,47%
◾️ Risk over 10 yrs: Middle
◾️ Morningstar yield rating: High

6. iShares MSCI China ETF

This ETF concentrates on corporate China.

TOP 3 industries:

1. Industry (18%)
2. Financial services (16%)
3. Defensive consumer goods (15%)

◾️ Yearly yield over 5 yrs: 4,56%
◾️ Risk over 5 yrs: Below average
◾️ Morningstar yield rating: Above average

7. Vanguard All-World UCITS ETF

This ETF covers the top companies globally.

TOP 3 industries:

1. Technologie (20%)
2. Healthcare (16%)
3. Financial services (16%)

◾️ Yearly yield over 10 yrs: 8,11%
◾️ Risk over 10 yrs: Below average
◾️ Morningstar yield rating: Above average

Complete information on any ETF is available on:
www.morningstar.com/

The first step to financial freedom starts today

To help you begin your journey, I created a guide that will teach you how to:

◾️ Shape your daily routines
◾️ Manage multiple income streams
◾️ Build generational wealth

Click here👇
www.successharks.com

Thanks for reading!

If you enjoyed this thread, please retweet, comment, and like so others can as well.

My goal is to help you transform your life by sharing insights on:

* Money
* Personal Finance
* Investing
* Personal Development

Follow me @Successhark for more content like this.