Advice for Young Investors:
1. Know the difference between saving and investing.
2. Investing while you are young is important because of compound interest.
3. Determine your RISK TOLERANCE while you are young.
4. It's okay for your portfolio to be higher in riskier investments when you are young, b/c you have longer to recover, but you need to change investments as you age.
5. ALWAYS participate in your company's retirement plan! Time is on your side! Start EARLY!!!
6. Keep an eye on your investments! Be an active investor and never stop learning!
1. Know the difference between saving and investing.
2. Investing while you are young is important because of compound interest.
3. Determine your RISK TOLERANCE while you are young.
4. It's okay for your portfolio to be higher in riskier investments when you are young, b/c you have longer to recover, but you need to change investments as you age.
5. ALWAYS participate in your company's retirement plan! Time is on your side! Start EARLY!!!
6. Keep an eye on your investments! Be an active investor and never stop learning!