WHY TO START INVESTING YOUNG

Updated: 07/19/2009 13:18
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Starting to invest when you are really young has many great benefits. In fact it is one of the wisest things you can do from a financial standpoint

Starting to invest when you are really young has many great benefits. In fact it is one of the wisest things you can do from a financial standpoint. So why is it so important?

1. Time. The younger you start to invest the more time you will have to make money in the stock market. If you are only getting into the stock market 10 years before retirement you are at a huge disadvantage to someone who has 50 years before they need to retire.

Time to make mistakes, and figure out how you really can make a decent return in the stock market is critical.

2. Less Bias. If you start really young say in your teens or even earlier you are free from the bias that most people have. Most people have some sort of initial opinions such as if you own a stock and they sell more inventory your stock automatically goes up because of it, or that Analysis on the news are always the best stock advisors.

Having less biases has its advantages because you can test new strategies and see what works for yourself rather than relying on their own past instincts and beliefs.

3. Valuable Money Lessens. Starting to trade and invest early on helps you to understand how to save and manage your money. These lessons will prove very valuable in the future and can save you from working until you are a very old man in order to retire.

It might even give you enough experience and knowledge to become a very rich person one day.


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