Canada News

Do not wait to start investing

21 January 2023 at 23:26 | 612 views

Kevin O’Leary, Chairman, O’Leary Ventures

"I can wait to start investing." Sure, you can, but that doesn’t mean it’s a good idea.

For example, waiting until you make twice as much money may, in fact, make things three times as hard on yourself.

A 25-year-old who starts investing $381 per month and a 40-year-old who starts investing $1,234 per month could both retire at 65 with a million-dollar portfolio (assuming a 7% annual rate of return).

Subscribe to the Beanstox Blog for our next installment of "Lies We Tell Ourselves About Investing," where we’ll tackle another common misconception about personal finance!