When investing, use the 'power of three'

Many factors will affect your results as an investor — and some of these factors are beyond your control, such as interest-rate movements or the eurozone debt crisis or the sales results of the companies in which you invest. However, as you work toward your financial goals, you will find that you actually have control over three of the most important drivers of investment success: time, money and return.

Let’s look at these three elements:

• Time — Time can be a big asset — if you use it wisely. However, many young people, just starting out in their working lives, think they can...