I believe many will not be interested to know that it will take slightly more than 7 years to generate S$2,400 of interest (total) with the following plan - Investing S$200 monthly on an investment product that yields 4% interest.
However, if you leave your investment alone (after 8 years of hard work) for another 30 years, your investment portfolio will have grown to ~ S$72,000. This amount will probably catch more attention.
Crucial Element to Growing Your Investment is Time
The maths is simple. You invest S$200 monthly (works out to be S$2,400 invested annually). With an investment product that yields 4% (plus compound interest), here are the results:
The more ......