Young investors, time is on your side

[a74henry]

Good sharing for the young, the learning and the financially challenged people.

I find the part of being a "free man" similar to gaining financial freedom.
I like the section on who you should entrust your gold (investment/savings) with and who you should not.

[yeokiwi]

these articles are, in a way, good for the youth since they get them on a track of thinking abt finance/themselves/planning.

but the biggest irony is that one ultimately needs to realise that to get out of the rat's race, one needs to excel in the rat's race first.

In general, unless you are born with a silver, gold or diamond spoon, it is generally not a good idea to spend all your effort in investing.
In fact, I think earlier tasting of successes in investing may undo a person's desire to excel in workplace.

And seriously, investing is not so much more challenging or fulfilling as compared with a heart+lung operation, a high profile court case, designing a plane, building an oil rig and creating Facebook.

And the above activities, besides being fulfilling, bring in a lot of money too.

Jim Roger is a successful investor but he did not make much of a difference to most people's life.
Mark Zuckerberg created facebook and in the process, brings a change to the life of many people.
Ok.. it's time to go back to candy crush...

[CityFarmer]

these articles are, in a way, good for the youth since they get them on a track of thinking abt finance/themselves/planning.

but the biggest irony is that one ultimately needs to realise that to get out of the rat's race, one needs to excel in the rat's race first.

In general, unless you are born with a silver, gold or diamond spoon, it is generally not a good idea to spend all your effort in investing.
In fact, I think earlier tasting of successes in investing may undo a person's desire to excel in workplace.

And seriously, investing is not so much more challenging or fulfilling as compared with a heart+lung operation, a high profile court case, designing a plane, building an oil rig and creating Facebook.

And the above activities, besides being fulfilling, bring in a lot of money too.

Jim Roger is a successful investor but he did not make much of a difference to most people's life.
Mark Zuckerberg created facebook and in the process, brings a change to the life of many people.
Ok.. it's time to go back to candy crush...

Hmm... how about those excel in their workplace as fund managers? Fund managers' main job is investing.

[chogal]

I have read about tips and hints people are forwading to youngsters, and i believe these are one of the best ones for a newcomer into the investment systems. This also works like an influencing for the youngsters as part the 1st point, so i believe his is great and i am glad to have these tips as well.
new house builders Melbourne

[dzwm87]

I will advocate investing early because compounding magic works in the favor of time.

No doubt, it is better to make mistakes early in your life but a friend of mine always say "a lifespan is too short to make all the mistakes." Only the wise will learn from the mistakes of others. And I realize how true this is. Start early, get involved with the emotions of investing - there is only so much to learning from books. Keep reading consistently. There are some common classics which get repeated in this forum for countless times. Read those but also read beyond these few. Dig more into the culture of the countries/sector being covered and you realized investing is a never ending journey. That is the fulfillment/end goal for me.

Investing is simple but not easy. If done right, it can earn a lot of money but ultimately, how the person uses the money can bring fulfillment too.

[corydorus]

Compounding only really works if we have consistently returns and that's requires experience and knowledge. And not everyone is cut for it. One should try to learn the equity rope first. I would save most in fixed returns for majority of the fund in early days.

[zhangwuji]

Safetyfirst,

Thank you for sharing the book.

[safetyfirst]

Safetyfirst,

Thank you for sharing the book.

Welcome, the book is exceptionally important for people who think that saving money is not important and that all money earned deserved to be spent.

I have some relatives who think that they should spent every single cent they earn, to them, it is a sin to hoard money. Such thoughts do surprise me.

If you lead a frugal lifestyle and you have realised the importance of saving and investing, this book will reinforce these ideas. Interesting parable, i have read half of it already

[Musicwhiz]

I have some relatives who think that they should spent every single cent they earn, to them, it is a sin to hoard money. Such thoughts do surprise me.

Why would it be a sin to hoard money? Because you can't take it with you when you pass on?

[smallcaps]

I have some relatives who think that they should spent every single cent they earn, to them, it is a sin to hoard money. Such thoughts do surprise me.

Why would it be a sin to hoard money? Because you can't take it with you when you pass on?

I guess it depends on reasons for saving/spending?

There must be thousands of different reasons, like:
- saving in order to provide security for one's family
- spending for a family vacation and so on...