Mentor Moment: Knowing when to start investing

Investing feels complicated and there's a lot of uncertainty around how to start and what to do. How do you know when it's the right time and the right amount to start investing?

 

Women on The Move host, Sam Saperstein, is joined by the head of Women and Investing at JPMorgan Wealth Management, Iliana Taormina. During the episode, Iliana gives tips on how to get into investing and how in 30 years, the average woman could end up with a portfolio worth 25% more than the average man.

 

During the chat, Iliana also mused on how she wished she understood the benefits of investing earlier and consistently. “ A 25-year-old college graduate invests a hundred dollars a month in a tax-deferred account and earns 12% annual return when that person retires at age 65, their investment can be worth just over a million dollars. If that same person were to start investing a hundred dollars per month at age 35, instead, they could only have around 300,000 by the time they reach 65, those 10 years could cost them $700,000.

 

Full transcript here