If you want to start investing but don’t think you have enough funds, you’re not alone…but you may in fact be mistaken! The size of your portfolio 20, 30 or 40 years from now won’t be reflective of how much you started investing with today. It’ll be reflective of the fact that you started investing sooner rather than later. Period.
Every day you delay investing is another day you lose an opportunity to benefit from compounding interest. Many financial professionals like to joke that compound interest is the strongest force in the universe, and that’s because it harnesses time to make your money work harder and grow faster.
To start taking advantage of compounding interest, check out Smart Investing on a Small Budget from Investopedia.com. Whether you have $500, $1,000 or more to start, there’s an investment tool that’s right for you and the amount of risk you’re willing to take right out of the gate.
I’d love to talk more about your options, and maybe even run some numbers for you on what you have to gain by starting to invest now. It should be more than enough to boost your confidence in getting started!
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Small budget investing
November 17, 2020