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The Young and Investless
A quick clarification of some common advice:
“You’re young, you can afford more risk.â€
This statement has been uttered countless times by investment experts and, at heart, it’s very true. However, “more risk†does not imply that every new investor should consider throwing every bit of his or her money into a small Nicaraguan telecom company.
Instead, the intent of the phrase is such that risk implies fluctuation, and young investors simply have more time to ride the ups and downs of their investments, possibly absorb a few poor investments, and reallocate their portfolios if necessary.
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