What you would net now if you invested in FANG stocks in 2014

Advisors


Jill Brady | Portland Press Herald | Getty Images

If a student invested $1,300 in Netflix stock in 2014, after three years they would have $4,527.

Are you a student and think investing is something that only people with full-time jobs can do? Well, think again.

“If you have enough cash to leave a 10-buck tip after you’ve had food out, you have enough money to start investing,” said Emmet Savage, CEO of Rubicoin. “There’s this misconception that you need thousands in the books, and that’s just not the case.”

Rubicoin is an educational investment app with the goal of getting the world investing successfully, starting with young professionals.

More from Investor Toolkit:
When a robo-advisor is, and isn’t, the right choice
Everything you need to know about target-date funds
Defer compensation now to build retirement wealth

To prove that it doesn’t take a large amount of capital to invest, the app did a study of what a student could’ve made if they invested their summer earnings in FANG stocks — as in Facebook, Apple, Netflix and Google — starting in the summer of 2014.

“We picked FANG because it was a well-known part of the lexicon by 2014, and [they are] all companies that all students at the age would’ve experienced in the past and had some affection for,” said Rory Carron, head analyst at Rubicoin.

The data showed what a student could have made by investing summer earnings from a 13-week job or internship that paid $10 an hour at 25 hours per week.



Source link

Products You May Like

Articles You May Like

How you can give away up to $11 million and slash your taxes
Student loan debt isn’t just a millennial problem 
Uber raises $2 billion in debut junk bond sale ahead of IPO
Brexit talks: Watch four experts explain what Brexit means for markets and companies
An enjoyable mini retirement requires serious planning

Leave a Reply

Your email address will not be published. Required fields are marked *