This is a great piece of advice for young investors. Chris Linkas is the head of a European Credit group who are responsible for opportunist principal investments in the United Kingdom and European regions. Linkas also states that education is key to profitable investment strategy. Even those who you pay to manage your money do not know everything. However, this should not scare away young investors. It is meant as a way to encourage investors to become more aware and to encourage them to start investing young.
Plenty of Time
There are many advantages to start investing at an early age. One of those is that you have plenty of time. There is time for your investments to grow as well as time to recover if the markets have problems.
The youth are risk takers
Young people are known for being risk takers. This should apply to your investments as well. You have age on your side, and you can wait for the long-term results from a more aggressive portfolio.
When you are in your 20s, Chris Linkas says, you have the time to learn how to create the best investment strategy for you. You have time to research and learn how others succeeded and learn from how others failed. Mistakes will be made, but there is plenty of time to learn from those mistakes and correct them.
Today’s youth can not leave home without being attached to some sort of technological device, according to Linkas, in the investment world, this can be advantageous. There are many online investment tools that can be used to help in creating your investment strategies. Online trading provides opportunities to grow your portfolio. Also, there are online investment classes and other educational opportunities.
The sky’s the limit
Investment is based on the opportunity to make money, Your initial investment needs to be in you. Get your education, learn a trade, or do something that will give you the opportunity to make a decent wage. Your future self will thank you in the end.