Investing in your 20s can bring early retirement


ARE YOU in your 20s and want to start investing? "There's no time like the present," says Black Enterprise magazine.

"If you start in your 20s you'll have more money -- and be able to retire earlier -- than will your older counterparts.

"Investing $100 a month starting at age 25 at 12 percent -- only 1.5 percentage points above stocks' annual average 70-year growth rate -- your money will reach $1 million by age 65.

"If you wait till 30 you'll need $200 a month to reach $1 million.

"Because you're young and won't need the money right away, sock more dollars into aggressive investments like stocks and stock funds rather than in conservative investments like Treasury bonds or certificates of deposit."

WALL STREET WATCH: "A market trading on helium knows no bounds until the balloon actually pops. This one could -- at any time." (McAvity's Deliberations)

"The glory days of the big blue chips are ending. The new leaders will be smaller cap and energy stocks." (Personal Finance)

"We'll watch for the beginning of a Y2K selloff, but there's no indication of that so far. Bargain hunters may reignite the rally in the next few weeks." (Spear Report)

Pub Date: 10/06/99

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