Investing: How My Client Made $5,159,930

My name's Robert Bonavito, New Jersey forensic accountant. This video is part of a series of videos where I discuss forensic accounting topics for educational purposes only.

Today I'm going to talk about how my client made $5,159,930. You can see I broke it down into the exact amount because I want to get across to you that this can be done if you start early and invest wisely.

What this client did was, and he didn't have a lot money, from age 19 to age 30, he invested $5,000 a year in low-cost, tax-efficient funds. And he stopped at age 30, never put another penny, it was a Roth IRA, he never put another penny in it.

And when he retired, he had over $5 million in his account. And you can check, do the math, and you'll see that I'm correct. And if you want to...if you have a young person that you know or you want to help them, instead of giving 'em a present, just tell 'em, "Hey, I want you to start saving as much as you can for 11 years, and then you can stop."

Because maybe they can't afford the $5,000, but even if they do $2,000 or $3,000, so maybe he'll only have $2 million, $3 million when he retires. This can be done, and the keys are simply invest early, invest in low-cost funds in tax-advantage vehicle. And just let it sit there and this will happen to you, too. If you have any questions on this video, feel free to give me an email.