One of the best advantages that someone can have when it comes to building their financial lives is to have access to a great personal financial advice. One person that has continued to give great advice to individual investors is Chris Linkas. Chris Linkas is an experience investment professional that has been in in the finance industry for 15 years while holding a number of different jobs with the company he works for now. Chris Linkas recently released a new article giving some informed financial advice.
In his recent article, Linkas discussed the importance of investing starting at a very young age. Ideally, you should start investing and saving when you first start working i your early 20s. One of the main advantages of starting to invest while you are in your 20s is that you will have time on your side. When you start investing in your 20s, you will have more than 40 years to save before you retirement. This will allow you to take advantage of compounding interest, which can help you to build a sizable portfolio over time.
Linkas said the advantage is that you will be able to take more risk. Risk and reward are directly linked in the investment world. For those that are in their 40s and 50s, there is not a lot of time left to recover from a big loss. However, those that are in their 20s can take a lot more risk as they will have decades left to save and prepare for retirement. By taking more risk, an investor will be able to possibly earn much higher investment returns.
Those that start investing in their 20s will also be able to learn a lot more mentioned by Linkas. When you are investing from an early age, you will begin to see patterns and develop very valuable insight. This will help you to make wiser investment choices in the future when you are able to utilize this insight to your advantage. This can be ideal when you are older and have much more capital to invest, more to lose, and far less time to make it up in the future.