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Smart Thinking On Investing – August 26

Smart Thinking On Investing – August 26

I wanted to share a few different pieces this week, starting with Kate Warne’s article on the risk involved with not investing from the site Edward Jones. Yes and Yes author, Sarah Von Bargen’s proposition to “want less” in life. And John Schmoll’s take on the investing lies that are robbing us blind as written for his website, Frugal Rules.
 
Bobbi Rebell from Reuters examines Millennials as calm and composed investors. And Caroline Beaton of Forbes asks the question, “is this it in life?” Or should each Millennial go through a quarter-life crisis…
 

Consider the Risk You’re Taking if You Don’t Start Investing

 

  • Given the stock market circumstances at the moment it’s understandable that people are worried it’s too risky to invest, but there’s no knowing what the future holds
  • Volatility and uncertainty are part and parcel of investing, but you can prepare yourself for different outcomes if you think strategically and stay on target for your financial goals
  • Stocks tend to outperform bonds and cash; build a portfolio that is appropriate for your risk tolerance and get investing

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“You Can Work More, You Can Save More, Or You Can Want Less”

 

  • This is not the same as saying you should aim lower; it’s not suggesting that your goals are unattainable
  • It’s just “numbers-based reality”—a different approach to saving money
  • Take a look at your goals and decide if they’re yours or society’s influence on you and give yourself permission to want less

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Investing Lies That are Holding Us Back

 

  • Don’t invest while paying off debt—delaying investing for any reason isn’t sensible, start small by putting something to your retirement asap
  • That you need a lot of money to invest and paying more in fees equals better financial advice, are also costly investing lies
  • And no, you don’t need to be an expert in the stock market to succeed at investing; learning just a little will get you a long way
  • Even if you plan to work in retirement you should still invest for it; the future is too uncertain

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Millennials: Such Cool Investors

 

  • Watching their parents get burned in 2008 and uncertainty for how the stock market works have created young investors that are more conservative about risk-taking
  • Be a cool investor too; don’t try to time the market, diversify your portfolio with by investing in different assets and think long-term
  • Don’t hold too much cash as an asset and take advantage of your age; make time do all the work for you and benefit from the power of compounding interest

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Millennials and the New Quarter-Life Crisis

 

  • Out of 1,000 surveyed young people, 86% want job, relationship, and financial success before they get to age 30
  • Though traditional life crises are usually about identity and maybe role loss, more and more millennials are already self-questioning and creating new goals for themselves
  • As life expectancy is now longer it’s not healthy to just settle for the long-haul; a quarter-life crisis could mix up something different and better for the future

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Do you want to start investing on your own, but don’t know how?

Check this out!

 

Anything you would like to discuss about Smart Thinking On Investing? Do you have any articles you would like me to cover? Feel free to add it below. Let’s start a discussion in the comments section!

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DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article. Andrew Stotz doesn’t necessarily endorse any stocks or shares mentioned in the articles or the author of such articles linked to and summarized in Smart Thinking On Investing and cannot guarantee the accuracy of its information.

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