On July 20, 2015, I began my experiment to invest the amount of a typical car payment into an investment account with the purpose of using the fund to pay for a reliable vehicle in the future based solely on its growth. I began the fund with a deposit of $613.30, and I planned to invest ~$480 dollars per month over its lifetime.
However, life is unpredictable, and I had to stop contributing to the account as of 04/24/2017. I, however, plan to re-contribute to the DFC fund starting in November.
As of July 18, 2016 - July 30, 2017, I have made the following deposits:
|
Date
|
Deposit
|
|
04/24/2017
|
$460.00
|
|
03/22/2017
|
$460.00
|
|
01/23/2017
|
$460.00
|
|
12/22/2016
|
$460.00
|
|
11/22/2016
|
$460.00
|
|
10/24/2016
|
$460.00
|
|
09/22/2016
|
$460.00
|
|
08/22/2016
|
$460.00
|
|
08/08/2016
|
$460.00
|
|
07/22/2016
|
$460.00
|
And in January, I withdrew $100.00 from the fund, making the total contributions at $4500 for this year - and $5,736 (approx) for last year. The current value of the fund is $11,493.00. Therefore, theoretically, I could withdraw $1257.00 (the Interest) without hurting the principal that I have invested. The return on the investment over the last two years has been 12.28%.
I have included, below, some vehicle options that priced around $1257 - e.g., my return on my investment (free money for a car) over the last two years.
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