Earn by investing your spare change
You probably already know that you can invest your spare change in the Peaks app. Ever wondered how much money doing this can actually make you? Find out what you can expect after 10 or 20 years.
You probably already know that you can invest your spare change with Peaks by rounding up everyday transactions. But did you know just how much investing with your change can actually earn you? Read on to learn why it's worth investing even small amounts and how much money you can expect after 10 or 20 years.
Rounding up and collecting change
Perhaps you did your weekly shopping at the supermarket or online yesterday and had to pay, say, €42.30. If you invest your change, you have now collected another 70 cents of change! With Peaks, you round up all your bank transactions to the next whole euro and invest your change every week. For whole amounts above €100 (€101, €145, etc), you also deposit another euro.
The average amount Peakers set aside weekly with their change - including doubles - is €9 to €10. On average, this is (almost) €40 per month, which you set aside unnoticed. And should that not work out for once, you can simply stop your deposit.
What happens if I invest this amount for 10 or 20 years?
With the calculator on our website, you can work out in no time how much your investments could be worth. In the example below, we look at portfolio Cautious (the least risky) and Adventurous (the most risky portfolio) and calculate with €10 per week, or €40 per month, for convenience. The amounts you see are the expected returns, so they can also turn out higher or lower. It depends on what the market has in store for us. And of course, investing takes more risk than putting your money under your mattress.
Important: The calculations above are based on an expected return of 3.2% for portfolio Cautious and a return of 6.5% for portfolio Adventurous and an interest rate of 0% for your mattress. The expected return is based on past results. Remember that past results are no guarantee for the future and the value of your investments may fluctuate. The cost of index funds and the cost of Peaks are already included in the calculation.
Some money
So you see, investing a small amount every week can earn you quite a bit after 10 or 20 years. And that while many people wouldn't even miss this change in their bank account. With an amount of around €5,000 to €17,000, you can of course do an awful lot of different things. At the moment, you could easily use it to buy a new €12,960 Volkswagen. Or you could fulfil your wildest holiday dream and book a flight including rental car to Hawaii, á la around €6,000. Of course, you could also spend it closer to home and use the money for the buyer's fees of your new house.
Before you let your imagination run wild, it's good to know that investing also takes risks. And that you could lose (part of) your investment. That is why it is important to invest for the long term to overcome falling prices.
Know that investing takes risk and you may lose (part of) your investment.
Doris
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