“Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime”(Chinese Proverb)
Are you broke, Do you want money without getting out of bed? Most young adults would answer yes to both. The stock market drop from Coronavirus has many young adults looking at ways to invest. Getting involved in trading stock has become accessible and efficient and can be done right from your phone. It may seem simpler to wait on making investments until you are set in life and feel secure, but investing could be the tool and stepping stone to help you get there. The beauty of investments allows you to accumulate money over time, setting your future self up for success. The longer the money is put to work, the more wealth it can generate. Investing has become easy and there are many ways to track your money. Do not be alarmed by the volatility, sit and wait as your investment grows over time.
Therefore, young adults are able to take on more risks, because they have so many years of earnings ahead of them. Also, they have the time to learn and study investing strategies. The younger you start the more times you have to understand the game. It is much easier to recover from an investment failure early, because you have so much time to recuperate. Young adults are high up on the learning curve given how much experience they already have with technology; all information is on the web you just have to be able to find it or someone to help you get started. Not only can you save for retirement but having another stream of income from investments is very helpful. Stop waiting for tomorrow and start making the first steps toward investing.
My dad is a Board Member for Stuff&Stock, and we believe in the mission of teaching young people about the business of investing
Written by college sophomore MMarshall/ U of Miami