Question

Bob Eberhart wants to retire in 10 years. He’s heard that he needs either $1 million or 10 to 12 times his current income of $60,000 saved. He doesn’t have either. His goal now is to save, save, save. Saving can double his nest egg if the stock market continues to deliver 7% annually in this decade. He sold his second car and is saving $500 per month.

Answer 1

Saving can double his nest egg if the over-the-counter stock market continues to deliver 7% yearly in this decade. 22 shares

variety of stocks that may be bought = Month savings / NAV

quantity of shares that can be purchased = 500 / 22.74

variety of stocks that can be bought = 21.99 stocks or 22 stocks

The stock market is where investors buy and promote shares of companies. it's fixed of exchanges in which groups issue stocks and other securities for trading. it is usually  (OTC) marketplaces in which investors trade securities without delay with every different (over the counter via an alternate).

Stock markets are venues in which customers and sellers meet to alternate equity stocks of public groups. inventory markets are components of an unfastened-market economic system over-the-counter fact over the counter over the country permit democratized get entry to investor trading and trade of capital.

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