Could it be easy to add $10,000 to your wealth?
Yes, it could be easy to growth wealth over time with automated investing. Avoid the stress of trading stocks.
Yes, it could be easy to growth wealth over time with automated investing. Avoid the stress of trading stocks. Avoid the hours of work doing financial analysis. Simply automate your investing, set the amount you want invested every week, two weeks or month, using an app like Beanstox. Then let the app and the market do the rest. Read the example below to see how this could work for you!The world of investing is truly wonderful! Yet, if you’re like many of us, you’ve probably played around with investment calculators and wondered how to get those projected returns. Here’s the thing—it can be easier than you think. Also keep in mind that although stocks go up and down from day to day, and week to week, the general long-term trend for the past 10-20-30-40 years, has been up, growing at an annual average of over 10%¹. The secret is to give yourself time to invest and invest consistently. Let’s dive into a practical example to show just how powerful consistent investing can be.
A Real-World Example
If you started investing $400 every month five years ago and continued through all the ups and downs caused by things like a global pandemic, slowdowns in the economy, and rising interest rates, you would have contributed a total of $24,000.Now, let’s look at where you’d stand after these five years based on the S&P 500 return for this period: your investment would have grown to $34,846. That’s a gain of $10,846! This is the power of giving yourself time to invest and investing consistently despite market ups and downs. Continued investing beyond five years is of course the way to continue building more wealth, with both the money you put in and the growth of the investments you own.
What Happened in the Market?
Between June 2019 and May 2024, the S&P 500 grew an impressive 108.26%, more than doubling in value. That’s an average annual return of about 15.79%. But, of course, it wasn’t a smooth ride. There were market declines as large as 30% during the global pandemic but the market recovered and went on to new highs as it has historically always done. This is a reminder that when markets decline, it is an opportunity to continue investing at cheaper prices to be able to benefit when markets recover.²
Why Choose Beanstox?
Investing is made simple with Beanstox. Just set up automated recurring deposits at an amount and frequency you’re comfortable with and let our app handle everything else. While past performance is not a guarantee of future results, consistent investments into diversified portfolios, such as those tracking the S&P 500, can significantly enhance your wealth over time.Start your investment journey with Beanstox today. ‘Set it and forget it’ and let your money work for you while you focus on what else is important to you in life. Remember, in the world of investing, consistency and time can be your greatest allies.Download the app today. It’s free with Beanstox Simple, giving you access to Stocks 500 and Power Savings. Want it all? Upgrade to Beanstox Plus for a personalized Wealth Builder portfolio and additional features³.
Disclosures:
1. Bloomberg Finance LP. Data as of 03/31/2024. Although it is not possible to invest directly in an index, there are ETFs and funds designed to track the S&P 500 Index. Index performance does not reflect fees applicable index tracking ETFs (or other funds).
2. YCharts. S&P 500 Total Return Index. Data from 6/1/2019 – 5/31/2024.
3. Fees/Free: Free with Beanstox Simple. Learn About Pricing.
Get Started With Beanstox
Set yourself up for a better future, with the freedom and security that come from having a growing portfolio. Download Beanstox and set up your automated recurring deposits today!
