To get rich investing, the power of time beats a lucky stock pick

Five years can change your life.

Each of these three investment moves has an amazing lifetime payoff, especially if you (or someone you know) can start in their 20s. Do them all, and you could be set for a very comfortable retirement.

You can turn yourself into a multi-millionaire by saving for retirement for just five years. Start at 25, and you will be giving yourself the greatest gift an investor can have: time.

Sure, luck is important. But time is more important.

To see why, let’s assume that you’re 25 years old and you’ve decided that when you’re 30, you will start a long-term savings plan for your retirement. Further, we’ll assume that you will retire at age 70 (which in the year 2061 may be the norm.) That’s not a bad plan. But it could be better.