Is age the single most important factor in investing?
When people talk about investing, one of the things that they never fail to mention is how they should start young in setting aside money for the future. Although this advice has its merits, analysts argue that while people in their 20s hold the prime age when it comes to investing, it doesn’t mean that older people don’t have a chance to redeem themselves and start saving up for their golden years. So does age really matter when it comes to investing? Perhaps the question that we should be asking is: is age the single most important factor in investing? It’s always the best decision to start in your 20s and doing so can guarantee the highest possible compound interest growth because compared to their older counterparts, young investors have more time to accumulate money and reinvest their earnings without worrying much about the risks. However, age should not limit older people from getting started on their investment goals. For instance, people in their 30s who