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Author: 2old4bs Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75794  
Subject: Re: newbie Date: 12/1/2004 8:23 PM
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Hi Hep!

in the beginning i won't be able to put too much away for retirement because of my current budget. i've read articles that even a little per month is better than nothing. is that true? for example, if i put like a measly $50/mo each for me and my wife for the next 30yrs. can i really do much with that?

In investing, time is everything! No amount is too small to start! The sooner you start the more flexibility and freedom you will have later!

Here's a quiz:

Assuming each investor leaves their money invested until the age of 65,
which investor will have more money at age 65?

Investor A: Invests $2000/yr for 9 years from age 22 through age 30, a total of $18,000.

Investor B: Invests $2000/yr for 35 years from age 31 through age 65, a total of $70,000.

See the link below for the answer:

http://www.wiser.heinz.org/investingfacts.html

2old
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