{"id":62779,"date":"2024-06-16T01:25:04","date_gmt":"2024-06-16T05:25:04","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=62779"},"modified":"2024-06-16T11:13:53","modified_gmt":"2024-06-16T15:13:53","slug":"the-easiest-way-to-make-a-small-fortune-i-test-elons-starlink-internet-service-at-the-high-tail-ranch-in-montana","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=62779","title":{"rendered":"The easiest way to make a small fortune. I test Elon’s Starlink Internet service at the High Tail Ranch in Montana"},"content":{"rendered":"

I’m sitting at Countryside Dentist in Chatham, having my “teeth” cleaned. (I actually have only one left that’s mine — one God gave me.) The wonderful hygienist, Jessica Reynolds, tells me she’s “busy with a<\/em>
\njob and children, I need a simple approach to investing.”<\/em><\/p>\n

Well, Jessica, here goes:<\/p>\n

+ Open an online brokerage account. They’re all free. Any one will do. I prefer Fidelity.com.<\/strong><\/a><\/p>\n

+ Put $1,000 into each of two low-cost Vanguard index ETFs — VGT and VOO.<\/p>\n

VGT is Vanguard’s technology ETF. VOO is Vanguard’s S&P 500 ETF.<\/p>\n

If you had done this ten years ago….<\/p>\n

\"\"<\/p>\n

In other words, over ten years your initial $1,000 investment would now be $3,500 or $3,800. Which is pretty good for doing absolutely nothing for ten years.<\/p>\n

Now if you had taken $100 out of your salary each month and put that $100 into each of these funds, you’d have $25,844.04 (at the 13,25%) or\u00a0<\/span>$27,381.95 (at the 14.32%). You can check my numbers at this website here.<\/strong><\/a><\/span><\/p>\n

This is the easiest way to invest. I wish I had written this blog ten or twenty years ago.<\/p>\n

If you feel so inclined, you can also buy stocks of companies whose products you like — e.g. Nvidia, Apple Microsoft, Google, Meta (Facebook). But why bother?<\/p>\n

This is Harry’s Get Rich without Effort. <\/strong>Now you can focus on things you really like — the kids, your job, playing the piano (or better, playing tennis), or traveling.<\/p>\n

You could also sprinkle in some Berkshire Hathaway shares. From 1965-2023 it had a compounded annual gain of 19.8%, which is even better than VGT and VOO.<\/p>\n

I’m making a big assumption — that the next ten years will be at least as good as the last ten years.<\/p>\n

I think they’ll be better. However, in ten years, I’ll be 92 and dead or senile, or both. And I won’t care.<\/p>\n

But you won’t be.<\/p>\n

Follow my simple investment plan and you’ll be able to afford to attend my funeral.<\/p>\n

This is my favorite tennis player giving good advice for life<\/strong><\/span><\/p>\n