Invest Early, Frequently and Sufficiently

One of the best ways to increase your wealth is to keep saving—even when life gets expensive.

Invest Early

The longer you’re invested, the longer your returns compound and the faster your money grows. The chart below shows two investors who each invested RM96,000 by age 65, with one investor accumulating RM434,000 by starting earlier.

EarlyVSLate

The chart represents an “early” investor who invests RM200 per month for 40 years and a “late” investor who invests RM400 per month for 20 years. Both investors have invested a total of $96,000 by age 60. Assumes a 8% annualized rate of return.

 

Invest Frequently

Investing regularly, such as through a regular savings plan, can help you stay on track over the long-term. See how your savings can add up.

Monthly

Invest Sufficiently

How much should start saving today in order to have enough to meet your future goals? The answer is key to your long-term financial success. Working through certain questions, such as those below, with your financial planner can help you determine if you’re investing enough.

  • What is your goal (e.g. retirement lifestyle, cottage)?
  • How much will you need to attain your goal?
  • What savings do you currently have in place to meet your goal?
  • What is the timeframe for achieving your goal?