Outlook Money
You will need at least 15 years to generate maximum returns from your investments to achieve long-term goals like retirement.
An early start will reduce the pressure to invest more, and the compounding effect will help you reach the desired corpus easily.
Investing later in life can lead to taking higher risks with fewer opportunities.
An early start will give you time to grow your investments through compounding, as the profits are reinvested to generate more income.
If you have time, you can realign financial resources with your goals when there is a temporary deviation due to factors like job loss.
You can make informed decisions about when to retire, ensuring a comfortable and secure future.
If you start early, you can take an aggressive investment strategy, which can offset the risk of loss with more time in hand.
Compiled By Himani Verma