Advantage of Investing Early
An early start to investing can be one of the best ways to
build weath.
Time is on your side
Cathy makes annual RRSP contributions of $6,000 from the age of
30 until the age of 45; she holds onto her investment until her
retirement at age 60.
Pat doesn't begin contributing to his RRSP until age 45, but
then contributes $12,000 per year to age 60.
At age 60, Cathy's portfolio will be worth almost 60% more than
Pat's, even though Pat invested twice as much.
The sooner you invest, the more time your money can reap the
benefits of compounding - all it takes is planning. Talk to your
advisor.
(click to download a pdf of this information)
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments. Please read the
prospectus before investing. Any indicated rates of return are the
historical annual compounded total returns including changes in
security value and reinvestment of all distributions and does not
take into account sales, redemption, distribution or optional
charges or income taxes payable by any securityholder that would
have reduced returns. Mutual funds are not guaranteed, their values
change frequently and past performance may not be repeated. The IA
Clarington Funds and IA Clarington Target Click Funds are managed
by IA Clarington Investments Inc. IA Clarington is a
trademark of IA Clarington Investments Inc. and the IA Clarington
logo is a trademark of Industrial Alliance Insurance and Financial
Services Inc.