Most people believe they need a large amount of money to start investing. But in reality it is time not the size of your first investment that makes the biggest difference. The earlier you start the longer your money gets to grow and the results can be astonishing.

Let’s take a simple example. A FundsIndia report shows how much your money can multiply by the time you turn 60, depending on when you start.

The earlier you start investing the more powerful compounding becomes. At an assumed annual return of 12 percent if you start at age 20 your money can grow 93 times by the time you are 60. Start at 25 and it grows 53 times. At 30 it becomes 30 times. At 35, just 17 times. Wait until 40 and it only grows 10 times. At 45, about 5.5 times. At 50, merely 3.1 times. And if you begin at 55 you

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