With the ongoing global economic crisis, every newbie in the world of investment needs a guide from the right investment experts to be able to sail through the investment storms. Thanks to the inspiration Chris Linkas for his financial acumen which he is using in advising young investors and giving them a guide in this field. He has an experience of over 15 years in financial matters and that’s why his advice is so tangible especially when he is insisting on investing early enough when a person is young.
It is obvious that many young people don’t have an investing mentality since their aim is to start investing when they get older. This has led many to work longer than required to sustain themselves when they are supposed to have retired. They forget the earlier you start your retirement plans the higher your return on investment will be. That’s why Chris Linkas advises millennials to start their investment journey now when they are young because of some basic benefits which include:
Development of a disciplined spending habit – young people are known for impulse buying and being extravagant but when you focus on your greater goal you become disciplined in your expenditure
According to Chris Linkas, young people have a great opportunity of learning from their own mistakes. This enables them to take risks and if they fail they can always try again because they have enough time which old people may not be having.
Since young people have time on their side, the little they invest is compounded by interest over time. They have the opportunity to enjoy the benefits of compounding (http://reporterexpert.com/chris-linkas-talks-to-millennials/). Hence they can grow their wealth slowly over time.
Chris says that millennials have a high affinity for technology and hence they can keep to trends which will help them invest in various online platforms which elderly people may not know.
The advice given by Chris Linkas is valuable to young people because of his expertise and working experience in various the United Kingdom-based investment groups and organizations like the European Credit Group. Prior to joining this group, he served in New York in funding business where he gained much experience.