We conducted a survey on Telegram recently to find out when you, our readers, started your investment journey.
The good news is that the majority of our readers started investing in their 20s.
That’s great to know, as it means the many within our tribe of readers have decades to compound their wealth.
Starting young has its own set of challenges.
At the start, you may have less savings to invest in the stock market.
Some may say that youngsters should focus on high growth stocks as they have the time frame to take higher risks.
But it’s a cliché to think that younger investors should just pile all their money into growth stocks as everyone’s financial situation is unique.
We feel it’s good for investors in their 20s to consider owning a mix of growth and dividend stocks depending on your own preference.
You can always tweak the proportion of growth versus income based on the amount you allocate to each stock....