Friday 23 May 2014

3 Investment Tips For Young People

Time
One of the greatest advantages a young investor has is time. Investing legend Peter Lynch, who saw average annual returns of 29% during his tenure managing Fidelity's Magellan fund from 1977 to 1990, encourages all investors to start investing young by saving money in a retirement account. 

Invest in What You Know
addition to time, younger investors should make use of Peter Lynch's "invest in what you know" philosophy. "The worst thing you can do," contends Lynch, "is invest in companies you know nothing about." 

Parents Training
Whether you are a new or experienced investor, it's wise to take the words of investing greats like Peter Lynch seriously. Warren Buffett similarly encourages parents to teach their children the importance of saving money at an early age.

Invest like The Best
Warren Buffett has made billions through his investing and he wants you to be able to invest like him. Through the years, Buffett has offered up investing tips to shareholders of Berkshire Hathaway.

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