How to 10X Your Retirement Savings While Barely Lifting a Finger
You can spend a lifetime and still not know everything there is to know about investing -- not even close. Just look at Warren Buffett, chairman and CEO of Berkshire Hathaway. He's 92 and has been investing his entire adult life, and while he is considered one of the greatest investors ever, he still makes mistakes.
On the other hand, you do not need to be Warren Buffett to be a successful investor. You can grow your retirement portfolio by a factor of 10 or more by just doing a few very simple things.
If you are not investing in your company's 401(k) or employer-sponsored plan, this is the first step. Most workers with access to these types of plans take advantage of them, according to data from the U.S. Census Bureau, but participation does trend lower for younger workers. That's unfortunate because millennial and Gen Z workers are the ones that will get the most out of their plans because they have longer time horizons to save, invest, and compound their savings -- as I will show later on. So, it is imperative that they start contributing as soon and as early as possible.
Source Fool.com
