5 Mistakes Young Investors Make
2. Speculating Instead of Investing
A young investor starts his/her investing life with an adventure. But they should always remember the fact that the amount of risk he/she can take while investing is entirely directly proportional on their wealth and their age. Investing world mostly works on risk-taking. So a young investor can seek out bigger amount of returns if they have the guts to take bigger risks.
This is very logical and wise step to do, because if a young investor loses money, he/she has more than enough time to recover the lost wealth through income generation. You may argue that ‘then it’s best to speculate the market’, but no it’s not. As everyone learns from their own mistakes, speculating others will never help. Unless the young ones experience their mistakes, they will not understand the nitty-gritty’s of the market.
