Quote:
Originally Posted by Unregistered
Ignore this guy pls.
1. You’re so young, it’s much easier for you to find a job even if you get retrenched (chances of you getting retrenched are, again, low since you’re young)
2. You have a higher risk appetite and a longer investment time horizon. Investing max of 30% in equities is stupid. No one is asking you to buy penny/spec stocks. Even if you invest in S&P, the historic 10, 20,30 year returns are high enough (you can ride out market corrections/shocks even if you’re lazy to do active management)
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he will still loose his money because due to lack of financial knowledge, he will panic sell at the first sign of bear market