In investing, perhaps the mistake that most people make is to procrastinate their investment to a later time. If the investment time frame is short, it would require a higher rate of return in order to grow their retirement funds. Higher rate of return will imply a higher risk factor. In this case, it would result a higher chance that the retirement funds will not attain the goal. Instead, they might risk losing a portion of their retirement funds.

Compounding is a way to accumulate your wealth using the power of time. With a longer time frame, chances are that you will able to accumulate sufficient retirement funds.
For example,
Scenario A - Investing $1000 for 50 years @ 7% return will give you about $30,000.
Scenario B - Investing $2000 for 30 years @ 7% return will give you about $15,000.

From the 2 different scenarios shown above, it is clear that if you start early for your investment, it will help to accumulate your wealth with minimum of money putting in.

Start your investment now with mutual funds

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