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Buffett's lesson on 10 million dollar wealth
Building wealth over the long term primarily depends on time and consistent investing, as Warren Buffett emphasized in his recent letters to shareholders. The article explains that maintaining long-term investments, especially through funds that track the S&P 500 index, yields strong returns thanks to compound interest. For example, an investment made regularly over 40 years can grow to more than 10 million dollars. It also shows that starting with small amounts and adding a fixed sum each month, such as $125 or $1,000, can result in substantial wealth over time, while reducing the need for a large initial capital. Combining regular investing with index funds is considered the optimal strategy for wealth building, given the S&P 500's outperformance compared to many actively managed funds and the diversification offered by index funds.
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