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It is said that the costliest expense we all incur is the ignorance surrounding financial literacy. Often, we are unaware of how much we could truly accumulate through informed investments and creating a wealthy lifestyle. Becoming a successful investor requires an understanding of basic principles, and those who invest time in education often succeed in securing their financial future.
Simplifying Investment: Start with the S&P 500
For those beginning their investment journey, the S&P 500 is an invaluable resource worth understanding. This index represents a collection of 500 of the United States' largest companies, and historically, it has returned about 10% to 11% annually, even accounting for inflation.