I’m An Investor, Are You One Too? | I've Paid For This Twice Already... http://www.paidtwice.com/2008/10/23/im-an-investor-are-you-one-too/#comment-57712 ab Thu, 23 Oct 2008 16:24:36 +0000 http://www.paidtwice.com/2008/10/23/im-an-investor-are-you-one-too/#comment-57712 The earlier you start, the easier it will be to achieve your retirement goals. Time is a powerful key to achieving financial security. Look at how saving early in life can increase your potential for a secure retirement. Don’t delay and pay the high cost of waiting. For every 10 years you put off saving for retirement, you'll need to save three times as much to catch up. Most people are “loaners.” They invest their money in what they consider to be safe investments, usually at a local bank or credit union. Being a “loaner” can be a barrier to your financial independence. Where do you have the potential to get the kind of rate of return you need to keep ahead of inflation? Equity investments or, simply put, the stock market. The market takes you out of the “savings” mode and puts you into the long term “investment” mode. Mutual funds are one of the best options available today. They offer an opportunity to participate in the stock market without having to select and manage individual investments yourself. Even in a down market, dollar cost averaging, which involves investing a set amount consistently over time, will help you come out better financially in the long run than saving alone. The earlier you start, the easier it will be to achieve your retirement goals. Time is a powerful key to achieving financial security. Look at how saving early in life can increase your potential for a secure retirement. Don’t delay and pay the high cost of waiting. For every 10 years you put off saving for retirement, you’ll need to save three times as much to catch up.

Most people are “loaners.” They invest their money in what they consider to be safe investments, usually at a local bank or credit union. Being a “loaner” can be a barrier to your financial independence. Where do you have the potential to get the kind of rate of return you need to keep ahead of inflation? Equity investments or, simply put, the stock market. The market takes you out of the “savings” mode and puts you into the long term “investment” mode. Mutual funds are one of the best options available today. They offer an opportunity to participate in the stock market without having to select and manage individual investments yourself. Even in a down market, dollar cost averaging, which involves investing a set amount consistently over time, will help you come out better financially in the long run than saving alone.

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