Why you should start investing in your 20s if possible
Investing in your 20s can have significant long-term benefits due to the power of compounding returns. By starting early, you have more time for your investments to grow and compound over time. Additionally, investing in your 20s allows you to take on more risk, as you have a longer investment horizon to recover from market downturns. Finally, investing in your 20s can help you achieve your long-term financial goals, such as saving for retirement or purchasing a home.
What if I invested $1000 10 years ago? (Past performance is not a guarantee of future results)
If you invested $1,000 in QQQ (Invesco QQQ Trust) 10 years ago, on June 2, 2013, your investment would be worth $4,118.19 as of June 2, 2023, assuming you reinvested all dividends. This represents a compound annual growth rate (CAGR) of 17.5%. QQQ is an...