Each illustrates an important lesson that, if internalized, will hopefully make you a wiser investor.
But if you're a younger investor, the best time to invest was yesterday.
The only difference: One starts investing at 22, one starts at 27, and the third starts at 32.
The investor who started early wins by a landslide, and not because they invested all that much more.
After 45 years in the market, the investor who began at 22 has put $109,000 into the market — just $24,000 more than the investor who began 10 years later.
Persons:
Ed Slott, you'd, We've, there's, Sam Stovall, they'll, Wayne Gretzky
Organizations:
TI, CNBC
Locations:
U.S