Gerstner projects that adding $750 yearly to the initial $1,000 grows to $1 million by age 55.
“If you start with a thousand bucks and add just $750 a year, it's 50,000 at 18, it's 200,000 at age 30, and it's a million dollars at age 55.”
Gerstner projects $1,000 with $750 annual additions grows to $50,000 at 18 and $1 million by age 55.
“if they start with $1,000, and an employer or mom and dad or a philanthropist adds just $750 a year, that's $50,000 at the age of 18.”
Gerstner projects that $1,000 seed plus $750 annually grows to $50,000 by age 18.
“If we do this, $7.50 a year, it's $50,000 at age 18 when they can first touch it,”
Gerstner projects Invest America accounts would grow to $50,000-$60,000 by age 18 through S&P 500 compounding.
“So by the time you're an eight you're 18 years old, you will have an account in the S and P five hundred that's worth upwards of 50 to $60,000.”
Gerstner says Invest America accounts compound to $175k at 30 and $1M at 50.
“At 30, you have $175,000. And at 50, you have a million dollars. But most importantly, your entire life, you have hope. Right? Your entire life, we tackle the problem of hopelessness in this country.”
Gerstner calls investing in technology for the next two decades the biggest cheat in all investing.
“I think the biggest cheat in all of investing is investing in technology for the next two decades. It will outcompound non tech.”
Gerstner projects Invest America accounts would grow to $175k at age 30 and $1 million at 55.
“At the age of 55, everybody has a million bucks based upon the compounding that's occurred for the last seventy five years in the S and P 500.”
Gerstner details Invest America accounts would grow tax-free with $750 annual additions from employers or families.
“If you start with a thousand and you only have an addition of $750 a year, okay, families can contribute to that. Tax free. Correct.”
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