When Is The Best Time To Start Investing?

One of the most common questions that is asked about investing is “When should I start?  The shortest answer I can give you is…NOW.

Generally speaking, the longer you put off investing for retirement the less you will have when it comes time to retire.  The majority of people have no idea how to time the market and when they try to do so they usually just end up waiting longer and longer.  There is no perfect time to get started, so just stop waiting and get started now.

Even if you can only afford $50 a month, that is still enough to make a significant difference.  The most powerful factor in investing is Time.  The sooner you get started the more Time you will have for your money to grow.

Assuming you plan to retire at 65 and you achieve an average return of 8% on your investment, if you invested $300 per month starting at age 25 by the time you were 65 you would have a little over $1,000,000.  However, if you started at age 30 you would only have around $690,000.  That more than $300,000 in earnings you lost because you waited just 5 more years to get started!

Thats the power of TIME!  So stop waiting for the perfect time to get started investing and just start now.

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