Time Is Your Ally: Invest Early

By Kathy Sena

| Photographs By Mike Morgan

When Aaron Lentner received his Navy sign-on bonus, he and wife Amy used it to start investing.

The couple opened a USAA investment account and pay monthly into mutual funds. The Lentners make it easy by using direct deposit. “It’s easier than remembering to send a check,” Amy says.

Keep these objectives in mind as you plan to invest, but remember automatic investment plans do not assure a profit or protect against loss in declining markets. 

1. Have goals. You don’t need a specific retirement vision in your 20s, but set goals. Are you saving for a house, for example, or planning for a secure future?

2. Think long term. With a bank account, you want your money to be available immediately if you need it for an emergency or to buy something. But you buy investments expecting them to grow in value over time; so, use money you won’t need right away. The earlier you start, the more value your investments could build over time.

3. Invest consistently. A tax refund or holiday cash can get you started, but consider investing a certain amount each month. USAA offers 14 mutual funds that only require a $50 initial investment and $50 monthly investments.

4. Get professional advice. Talk to a financial professional to help pick investments that fit your goals. Funds, stocks and bonds all serve different objectives. USAA financial advisors, available free to members, can help answer questions.

Investing in securities products involves risk, including possible loss of principal.

Consider the investment objectives, risks, charges and expenses of the USAA Mutual Funds carefully before investing. Contact us at 800-531-8910 for a prospectus containing this and other information about the funds from USAA Investment Management Company, Distributor. Read it carefully before investing.

We’ve made investing with USAA easier. Discover how affordable it can be.

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Investing in securities products involves risk, including possible loss of principal.

Investments provided by USAA Investment Management Company and USAA Financial Advisors Inc., both registered broker dealers, and affiliates.

The preceding articles are provided for informational purposes only and are not intended to substitute for obtaining professional financial advice. Please thoroughly research and seek professional advice before acting on any information you may have found in these articles. These articles in no way attempt to provide financial advice that relates to all personal circumstances.

Financial planning services and financial advice provided by USAA Financial Planning Services Insurance Agency, Inc. (known as USAA Financial Insurance Agency in California, License # 0E36312), a registered investment adviser and insurance agency and its wholly owned subsidiary, USAA Financial Advisors, Inc., a registered broker dealer.