Baskets Tod's Why You Should Take to Investing Early in Life

Here?s a trick some financial planners use. To find out how many years it will take your mutual fund investment to double, divide the annual rate of return by 72. So at a 7 percent return, your money will double in ten years and quadruple in twenty years.

- Year 1: $110

Consider these examples:

- Year 2: $121

Let?s say that you have invested $100 that is compounded at 10 percent per year. Here?s what you can expect to happen:

The Rule of 72

- Year 3: $133

The good news is you don?t have to panic. But you do have to get serious about it. Making up for lost time could mean cutting back on your spending. If you don?t start saving or investing in stocks or other instruments until your forties, you?ll need to set aside 20 percent of your gross income. If you wait until your fifties, your target will have to be 30 percent. As a last resort,Bottes Tod?s Getting The Right Protection For Your Life And Business, you may have to sell your house, your cottage, and your second car; get a second job; and reduce your leisure spending. Recent changes in tax laws by Congress also help. Late starters can put double the amount away for retirement in their prime earning years ? fifty and beyond ? to help lessen the blow of dragging their feet and starting their retirement planning so late.

Who knows? Life offers up opportunities when we least expect them. So if a friend offers you a chance to manage your own pub in Ireland or if you get the chance to sail around the world, that?s great. But only if you?re in a position to pay for it.
Why You Should Take to Investing Early in Life
It gets better the sooner you start. Sure, they say life begins at forty. But saving for retirement should have started long before that ? if you believe all those retirement planning books and articles. It?s advice many people ignore. What if you?re now in your forties and you haven?t even started?

If you?re lucky enough to start investing early, you can take more risk. That doesn?t mean putting all your money into penny stocks. But it does mean having a greater percentage of your investments in higher-earning equities rather than the more cautious Treasury and savings bonds that many people select as they get older.

- If you set aside $200 a month at a 10.2 percent return, you could start investing at age twenty-one and stop ten years later and have a $1 million nest egg at age sixty-five. That means a $22,000 investment over one decade gets you $1 million down the road. Of course, assuming continued inflation,Bottes Tod?s, $1 million then won?t buy you what $1 million would today. But it?ll buy you a heck of a lot more than nothing will.

- Year 50: $11,739

One thing?s for sure. The longer you keep your money in your investment portfolio working for you, the more money you?ll accumulate for whatever goal or opportunity that is out there waiting for you.

After one year, your investment only gains a measly ten bucks. But look what happens when you give your investment a real chance to grow? After fifty years, you?ve earned quite a bundle. The moral of the story? The longer you keep your money invested,Chaussures Femme tods Am I Too Late to Reclaim My Mis-Sold Payment Protection In, the bigger your total return will be.

- If you start investing $100 a month at age twenty-five into a retirement account that gains 10 percent a year, by age sixty-five you?ll have $632,000. But if you don?t start investing the same amount until you?re thirty-five, you?ll only take away $226,Mocassins Tod?s Initial Public Offering (and Facebook) Blues,000 when you retire. Starting at twenty-five will get you $406,000 more, at a cost of only $12,000.

Retirement may not be your only financial goal as you continue to invest and beef up your portfolio. You may want to quit your job and start your own business. You may want to buy a vacation home. You may want to go back to college.Bottes Tod?s

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