Consider two people investing $200 monthly, assuming a 7% annual rate of return until the age of 65. If one person started at age 25, their end portfolio would be $520K, if the other started at 35 it would total about $245K.
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The sooner you start managing, saving, and investing your money, however limited, the better off you'll be as long as you avoid mistakes like investing everything into one stock. That’s the advice of Carlos Slim Helú.
He is a Mexican businessman who was ranked as the richest p...
Once you have the basics of what happened and how long it has been going on, you can move on to asking more probing questions:
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