What’s the Biggest Mistake Young Investors Make?
What’s the Biggest Mistake Young Investors Make?
There are all kinds of investors and there are even more investing strategies. There are also just as many possible mistakes you can make as an investor. Those who’ve been in the stock market a long time have likely seen it all. And if they’ve had any kind of sustainable success it’s because they’ve likely learned from those mistakes.
So what about young investors? What kinds of mistakes are they making?
According to personal finance expert, Suze Orman, the biggest mistake Millennials make is to invest simply based on what’s hot at the moment. In other words, they go with what’s trendy at the time they’re investing.
She says too many young investors simply decide to invest because “This company is great, I’m going to invest in that.” Orman says that is a very iffy strategy. You might hit it right, but you could just as easily hit it wrong.
Instead Orman prefers investing in ETFs and index funds. She suggests investing a set amount each month into these options. These are a great way for young investors to get into the market. They come with low-risk, and they’re also diversified and inexpensive.
Orman says don’t try to outsmart or time the market. Instead, make consistent contributions to these types of low-risk funds that usually bring stable returns.
We hope you found this article about “What’s the Biggest Mistake Young Investors Make?” helpful. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.
To receive our free newsletter, contact us here.
Subscribe to our YouTube Channel for more updates.
Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
GROCO.com is a proud sponsor of The American Dreams Show.
The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.
The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.
They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..
American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:
Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…
MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement:
In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.
Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.
Chris Kowalik: Simplifying Retirement Education
In this episode of American Dreams, we sit down with Chris Kowalik, founder and CEO of ProFeds, to discuss her inspiring journey from serving as a Marine Corps Arabic linguist to becoming a leader in retirement education for federal employees. Chris shares her insights on simplifying complex government benefits, empowering federal workers to make informed…
Happy Holidays 2024!
Happy Holidays 2024! As the holiday season approaches, on behalf of Alan Olsen, we at GROCO, Legacy Builders, and the American Dreams show want to take a moment to express our heartfelt gratitude to you—our valued friends, clients, partners, and subscribers. This time of year offers a unique opportunity to reflect on the moments that…
Dr. Kal Mentak: Eliminating Preventable Blindness
Dr. Kal Mentak: Eliminating Preventable Blindness This week we sit down with the Dr. Khalid “Kal” Mentak, a visionary in global eye care innovation. With over 45 technology patents and groundbreaking contributions to cataract surgery and ocular implant technologies, Dr. Mentak’s work has transformed lives worldwide. Now Dr. Mentak is spearheading a global humanitarian effort…
Bob Haney
Bob Haney, Creator of Heavenly Waffles Interview Transcript: Alan Olsen This is Alan Olsen, and welcome to American dreams. My guest today is Bob Haney. Actually, I should correct that the chef Bob Haney, he is the founder and the creator of Heavenly Waffles. Bob, welcome to today’s show. Bob Haney Alan, thanks so much…