According to a recent survey, 61% of Americans said they found investing scary or intimidating. Ryan Ermey, Staff Writer at Kiplinger, joins Your Cheddar to discuss how much extra money you can have when you retire if you start investing in your early twenties.
If you start investing $100 per month at a return rate of 8% per year at the age of 27, you'll have $35,000 by the time you're 67. However, if you invest that same amount of money at age 22, you'll have $530,000! Ermey explains why time and compound interest are on your side.
Plus, you can't put all your eggs in one basket. Ermey walks through different ways to diversify your investment dollars. Whether it be investing in bonds, ETFs, or stocks, you want to make sure your money is spread out in case one investment turns out to be a dud.
U.S. inflation ticked down again last month, with cheaper gas helping further lighten the weight of price increases in the United States.
KinectAir is allowing customers to book short-duration flights on a private aircraft at a moderate price.
Taco Bell brought back the beloved double-decker taco just in time for the holidays.
Google has lost a federal antitrust case against its Android App Store.
Ford is going to cut planned production of its F-150 Lightning electric pickup truck nearly in half next year.
Attorneys for Gov. Ron DeSantis are asking a federal judge on Tuesday to dismiss a free speech lawsuit filed by Disney after the Florida governor took over Walt Disney World's governing district in retaliation for the company opposing a state law that banned classroom lessons on sexual orientation and gender identity in early grades.
Stocks were generally flat after the latest inflation reading showed consumer prices rose in line with estimates.
Blue Apron's Holiday Roast Box
'Green Monday' Deadline for Christmas Orders
