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.
Global markets hit a turning point as Michael Spence, Nobel Prize–winning economist and Professor Emeritus at Stanford University, assesses risks and growth.
Allison Pohle, reporter at The Wall Street Journal, breaks down airline chaos, surprise winners, and what the latest rankings mean for your next flight.
Jason Chinnock discusses Ducati’s 100th anniversary, blending a century of racing heritage with innovation, off-road expansion, and plans for the next 100 years
