Melinda Tingle, Financial Advisor for Edward Jones in Laurel offers advice on investing in the stock market.
Tingle explains that the earlier in life you invest, the more chances you have of being successful.
“If you invest $1,000 at age 25, with an 8% interest until age 60, you could get back $15,000, but if you wait 10 ears, that’s cut in half,” said Tingle.
She also explained that it is fairly easy to start investing, usually right with your job. Most employers offer a 401k or other similar program that makes it easy for people to invest a little bit of money from each paycheck, said Tingle. Usually in employer based programs, the employer will match what you invest to the program.
” I always encourage people to at least invest what the employer is willing to invest, because if not you’re walking away from free money,” said Tingle.
If you are looking for guidance on how start investing , or are in need of a general financial advisor, Tingle suggests contacting her or someone else from Edward Jones to get you on the right track to achieving your goals.