"How many millionaires do you know who have become wealthy by investing? I rest my case." (Robert G. Allen). For the most part, an abundant amount of wealthy people invested at some point in their life during the process of becoming successful. It is a healthy idea to continue investing throughout time to increase wealth or maintain it. Altogether, throughout life there is an importance to invest so that when the stage to retire occurs I can “cash out” with the most money, with this in mind, when I am at a juvenile age it’s preeminent for me to invest in stocks, during my midlife it is the most optimum interval to invest in residential housing, and lastly when I acquire an elder age that will be the most fitting time for me to invest in the money market.
It is a known fact that there is a bountiful quantity of ways to invest an individual’s coinage, however, the stock market is an insolent way to start investing money at an early age. At a juvenile …show more content…
Due to being at an initial stage in existence I am willing to take more of a risk. For instance, if I were to lose a substantial amount of money, by chance, I would have the rest of my life to recover. When in fact, if I were to be in the stock market near a retirement age, I would sense a need to conservatively manage my money. Overall, the stock market is one of the riskiest ways of investing. In validation, investing in stocks has one definite payoff and risk, “…high returns is greater with stocks but so is the possibility of losing money.” (Investopedia Staff) Financing in stocks is a good option at a young age because there is that big time phase to recover if needed. If
It is a known fact that there is a bountiful quantity of ways to invest an individual’s coinage, however, the stock market is an insolent way to start investing money at an early age. At a juvenile …show more content…
Due to being at an initial stage in existence I am willing to take more of a risk. For instance, if I were to lose a substantial amount of money, by chance, I would have the rest of my life to recover. When in fact, if I were to be in the stock market near a retirement age, I would sense a need to conservatively manage my money. Overall, the stock market is one of the riskiest ways of investing. In validation, investing in stocks has one definite payoff and risk, “…high returns is greater with stocks but so is the possibility of losing money.” (Investopedia Staff) Financing in stocks is a good option at a young age because there is that big time phase to recover if needed. If