Smoking Hot Investments

For smokers who smoke on a regular basis, the cost can be exponential. Smoking a pack a day at $6.75 for one year cost the average smoker 2,463. 75. That can be very expensive, not to mention this is only a pack a day smoker. Some smokers are easily a two a day, some even three packs a day smokers. Imagine if you can save money from smoking, turn around and invest that money while the market is at its low point, and make a steady 10-20% if not more investing in mutual funds.

If the average pack a day smoker converted their resources over to an electronic cigarette, they have the potential to save a lot more then what they are spending currently. If they purchase the refill cartridges at roughly $10 for a case, and the case will last them about 2 packs of cigarettes, then they will be spending $730 dollars a year on cartridges. That leaves the consumer with a surplus of $1,733.75 a year.

That alone is a big enough savings to please a consumer in this volatile market. Now lets say that only invest 50% of that leaving the rest in their pocket. That leaves $866.88 to invest and $866.88 to spend at your hearts desire. Now investing that money in a mutual fund earning you a minimum of %15 gets you and extra $130 dollars a year for doing nothing. That is roughly $1,000 dollars that you just saved and had to do nothing with. When the market gets better that will leave you with more money in your account. Turn that $1,000 compounding and you could have well over %10,000 in about 7 years.relx