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Thats what I want to do! I'm 21 now so in 25 years I want to amass a million bucks off of a mutual fund....I'm thinking about opening an account with JANUS. Aren't they the ones that did the 25 year study???
I hate school but I'll hate working until my 60's even more..So at age 46 I want to be free!!!

Your thoughts please...


Well, if you want to make lots of money and retire early; then school is definitely one of the best things you can do. A degree (or two or three - I have two proper ones) gives you a better choice of jobs and pay.

Next you want to save as soon as possible, but I think you've figured that out. Contribute to your fund regularly. You might want to consider DRIPs if each contribution is quite small.

Janus advertise a lot on TV. Who pay for that advertising? Their clients do. You might want to consider someone else who doesn't charge as much (I'm with Vanguard). A company that charges less, means there's more to be invested. It might not seem much, but as compounding goes, every percent counts.
Also, I suggest you look at Index Funds. (my IRA is a Vanguard S&P500 Index Fund). Sounds dull? Maybe, but they give some of the best reliable returns and at the lowest costs (not dull).

Read the Fool School articles, or buy the book. This will lead you through all of this - why an Index Fund is so much better than virtually all mutual funds in existence; what a DRIP is; the power of compounding; 401ks, IRAs, etc.

As for a million dollars? A million dollars isn't as much as it used to be. When you're 46, its going to be a lot less...
(ie. personally, I wouldn't retire just because I've reached $1Million)

Hope this helps...

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