Picking stocks is a 'terrible idea' for young investors, says expert—what to do instead
Publishing timestamp: 2024-01-09 09:00:01
Summary
The article advises young investors to focus on building a diversified portfolio using low-cost mutual funds and exchange-traded funds (ETFs) instead of investing in individual stocks. It highlights the risks of investing in individual stocks, especially for novice investors, and suggests that broad market index funds can provide a better outcome. The article also discusses the value of experiencing declines in a portfolio as a learning opportunity and suggests making token investments in companies that young investors are interested in. Overall, the article emphasizes the importance of diversification and cautious investing strategies.
Sentiment: NEUTRAL
Tickers: NVDA, AMZN, MSFT, MORN,
Keywords: personal finance, nvidia corp, morningstar inc, microsoft corp, amazon.com inc,
Source: https://www.cnbc.com/2024/01/09/why-picking-stocks-is-a-terrible-idea-for-young-investors.html