Q&A’s: Turning $3000 into $50 million
Paul’s article on building a $3000 investment into $50 million in distributions and gifts has attracted many readers and generated a lot of questions. In this Q&A session, Paul answers these questions: how reasonable are your assumptions? Which is the very best small cap value fund? When should bonds be added to this portfolio? What to do if you just started your career and want to do this for yourself? How to help the children of friends? How to keep a young person’s hands off the money that is put aside for the long term? And which of the Vanguard small cap value funds or ETFs offer the best long term returns?