The Best Way to 10X Your Retirement Savings in 20 Years
As legendary investor Warren Buffett has said, "It is not necessary to do extraordinary things to get extraordinary results." Simply choosing solid investments in stocks, mutual funds, or ETFs and holding on to them in your retirement account is the most surefire way to grow your nest egg over time.
The billionaire has said that the best investment most people can make is in simple low-cost index funds, particularly those that track the S&P 500. And it's not hard to see why. Over long periods, the S&P 500 has delivered annualized returns of 9%-10%, depending on the exact timeframe you're looking at. During the 30-year period ending in 2022, the S&P achieved 9.65% annualized returns. To put this into perspective, this level of performance would result in 530% gains after 20 years and 1,486% gains after 30 years.
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Source Fool.com
