You may only have a modest amount of money to start your journey, modest but most probably important to you.

Your Snowball Express has officially left the station, each glowing carriage thundering through time: £2 k at 9 years, £4.66 k at 20, and the £10 k+ finale blazing toward the horizon. (Remember to allow for inflation)

Compounding re-invested dividends at 8% per year on 1k of earned dividends. If you are starting out you may be encouraged as compounding takes a few years to ‘compound’ and you may be able to add to your Snowball. Also as you are not staking all your retirement plans on your Snowball, you may be willing to start re-investing your dividends.

Your Snowball Express now has rivals on the rails.

  • 6% Line — a steady silver train, slower steam, glowing at £5,743 after 30 years.
  • 8% Line — your golden express, roaring ahead to £10,063.
  • 10% Line — a fiery red locomotive, sparks flying, surging to £17,449.
  • The difference only 2% makes, so if you have years before you intend to spend your dividends, you may be willing to accept more risk but not reckless risks.

The sooner you start on your journey, the sooner you will finish.

GL