In case you didn’t know, millennials are making a ton of investing mistakes. I think this is largely because we saw what happened to investments in 2008 and 2009 and the thought of loosing 50-60% of our money scares us to death. Am I right?
Investing is important though. It’s important to our future, and the thought of outliving our money is as scary. Millennials, let’s not keep making these same 3 investing mistakes over and over again.
- – Being too conservative
- – Taking financial advice from our friends
- – Not getting ourself educating and doing a few practice rounds
Yes, investing and loosing money really can be brutal to your self-confidence. But what if you invest and your money starts growing? If you invest the same amount over and over, it’s called dollar-cost investing, you WILL see gains. Just don’t be concerned with the peaks and valleys each year…you are looking long-term. That’s where investing smartly will pay off.