Scottie Scheffler's Earnings Isn't The Real Story
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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, @ezrocks0011, @pgatour, @nuclrgolf #Investing #Compounding #IndexFunds š Find more market-moving insights at https://www.benzinga.com ā your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. š„ļø Want the same tools the pros useāwithout the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. š https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ š² Follow us on socials @benzinga š Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ā ļø Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.
