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Old 02-25-2021, 06:52 AM
350 mag 350 mag is offline
 
Join Date: Jul 2009
Location: North Sask.
Posts: 358
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Quote:
Originally Posted by roper1 View Post
I hope the OP takes the time to read this & understand it. I started investing in my 20's because my workplace had a 'voluntary' matching RRSP. It was voluntary but there was a lot of pressure to join.

Totally young & naive, I was lucky enough to get some decent returns early, back when you got a paper statement quarterly. I was naive yes, but I could read, & I could see the numbers getting larger through growth, despite bigass recessions & downturns.
This is sound advice.

Even though today interest rates are so low it's hard for even large pension funds have trouble making yields.

The beauty of compound interest, reinvestment of tax returns.

Start when your 18(10% per year) and by the time your 58 you will likely be wealthy.....
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