With that in mind, here are four investing tips that are so simple, they’re like magic. Follow them, and you’ll greatly improve your chances of winding up financially comfortable vs. had you not invested at all. Sure, there may be more complicated strategies that might be able to edge out higher returns, but they’ll likely require much more work and possibly risk attached.
The earlier you start investing in your career, the easier it is to amass a large nest egg by the time you retire. The following table shows how much you need to sock away each month to wind up with a $1 million nest egg by age 65, depending on what age you start and what rate of return you earn.