Comments on: Reasons You Should Get Started Investing While Still A Graduate Student

By: Christina

Christina — Sat, 12 Dec 2009 05:23:29 +0000

I just wish I thought of that while I was still taking my MBA … no remorse though…great article.

By: MoneyEnergy

MoneyEnergy — Wed, 04 Nov 2009 03:33:32 +0000

@MillionaireActs – good job. I also started at around the age of 22, although I wasn’t bringing in all that much and wasn’t investing all that much. But every bit helps. If you bought a stock yielding 4% that year, and held onto it, taking all the dividends as cash, your effective “yield” would rise by another 4% each year, so that after ten years you would be making an effective 40% yield on your original stock purchase. That’s why it can pay to invest as much as possible up front. And that’s not even factoring in all the possible dividend increases that investment might have seen on the way!

By: Millionaire Acts

Millionaire Acts — Wed, 04 Nov 2009 00:30:05 +0000

Nice tips! As for me I started investing when I had my first job at the age of 22. I did not go to graduate school though.

The earlier we start our financial education and put it into action, the less time we need to devote and the less money we need to save. As they say: “The Early Bird Catches The Worm”

By: Retirement Savior

Retirement Savior — Thu, 24 Sep 2009 19:30:32 +0000

I remember one of the first things we were taught in finance class was that if you saved $2k per year for 5 years when you were 22, and never made another contribution, then you would have more money at retirement than someone who started at age 27 and saved $2k per year every year until retirement, assuming the same rate of return.

By: MoneyEnergy

MoneyEnergy — Thu, 24 Sep 2009 14:48:06 +0000

That’s great – getting it started is so important, and getting the habit started is part of that. Once you learn how, and all the other basics, it can become just a matter of habit and you don’t have to think about it! I started just by saving $25 from each pay before I had enough to meet the minimum to get an RRSP started, way back when.

By: Miranda

Miranda — Thu, 24 Sep 2009 12:34:31 +0000

Time is one of the most important things. We started a Roth IRA a few years ago. Even though we were struggling students, we thought it was important. We put in what we could, and set up a regular transfer from our checking account. We can afford to put in more now, but the habit was started shortly after we married. And we’ll soon open another one in my husband’s name. And we’re not even 30 yet.