Goal: Implement a pseudo Dave Ramsey experiment. See my caveat below.
The Why: I am a huge Dave Ramsey fan, and I would like to track how will I approach the sample given in the video. This one decision could, and will, change my life.
The Why: I am a huge Dave Ramsey fan, and I would like to track how will I approach the sample given in the video. This one decision could, and will, change my life.
The How: I will invest $480 per month (typically car payment
amount)
Beginning balance - $613.30 (a little over one month)
I will be investing in ETFs or Index Funds (I do not have
enough cash in the account for mutual funds).
Hypothesis – Money
will grow, and double every 7-8 years. I
hope to hit the 100k in 10 years, 470k in 20 years, and 30 years $1.6M.
Caveat: I know Dave does not recommend ETFs, but I will not
be actively trading these funds. I will implement a Buy and Hold plan.
FUND NAME
|
Amount
|
Shares
|
|
CASH
|
$127.73
|
127.73
|
|
IDV - ISHARES INTERNATIONAL
DIVIDEND ETF
|
$63.82
|
2
|
|
IJR- ISHARES CORE S&P
SMALL-CAP ETF
|
$116.30
|
1
|
|
IJT - ISHARES S&P SMALLCAP
GROWTH ETF
|
$263.02
|
2
|
|
ILF- ISHARES LATIN AMERICA 40
ETF
|
$79.89
|
3
|
|
PFF - ISHARES US PREFERRED
STOCK ETF
|
$78.85
|
2
|
|
Total
|
$613.30
|
Source - Craigslist
It worked for Will
