Lostyute

If you have a particular amount you want to hit from your mutual funds investment in 10 years, this is what you should do: Let's say you want to hit 50, 100 or 200 million naira in 10 years. This is the amount you should start investing daily or monthly. - 50 million naira target: You need to invest approximately 5,423 naira daily or approximately 162,680 naira monthly. Once you hit your 50 million naira target, your monthly interest alone would be approximately 700,000 naira every single month. - 100 million naira target: You need to invest approximately 10,845 naira daily or approximately 325,360 naira monthly. Once you hit your 100 million naira target, your monthly interest alone would be approximately 1,400,000 naira every single month. - 200 million naira target: You need to invest approximately 21,691 naira daily or approximately 650,720 naira monthly. Once you hit your 200 million naira target, your monthly interest alone would be approximately 2,800,000 naira every single month. And the beautiful part is that even when you hit your target, you can decide to withdraw everything or leave it to continue growing. The longer your money stays, the bigger your cash out. Set your target. Work backwards. Start today. The goal is not the problem. The absence of a plan is. Above all, love God.