Scottie Scheffler just won his second FedEx Cup at East Lake, banking a $23 million season-long bonus on top of the $10 million Tour Championship winner's check. That is a $33 million weekend for the world's number one golfer, and enough to make him the highest career money winner in PGA Tour history, past Tiger Woods. But the golf story is not the real story. Drop that same $33 million into a plain S&P 500 index fund and leave it alone. At the S&P 500's roughly 10% long-term average annual return, since 1928 per Investopedia, that money grows to about $86 million in 10 years, $222 million in 20 years, and more than $575 million in 30 years, without swinging a single club. The lesson is not for champions. Scheffler's most valuable financial asset is not his swing. It is time in the market and compound growth, and both of those tools are available to any regular investor with an index fund and patience. $SPX.
Video contains clips from: @TrackmanGolf, @BetRivers, @Jamierkennedy, @ezrocks...
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