2957: You Can Take More Risks When You Invest Young Explained by Kalen Bruce of Freedom Sprout

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.5 • 1.3K Ratings

🗓️ 3 December 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2957: Investing young allows you to take calculated risks that can yield significant long-term rewards. By harnessing time, compounding, and a bold approach, you can build a resilient financial foundation while gaining invaluable experience. Read along with the original article(s) here: https://freedomsprout.com/more-risks-invest-young/ Quotes to ponder: "The younger you start investing, the more time you have to recover from risks and enjoy compounding rewards." "Taking bold but calculated risks in your youth can set the stage for extraordinary financial growth." "Investing early is an education in itself, preparing you for smarter decisions in the future." Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:03.6	risk when you invest young, explained by Kalin Bruce of FreedomSprout.com. One reason it's important for your kids to start investing at a young
1:13.7	age is risk. You may have heard that with investing you're able to take more risk when you're
1:19.0	younger than when you're older. But what does that really mean? Sure, at face value, it means
1:24.2	investing in higher risk more aggressive things like choosing an all-stock mutual
1:28.7	fund over a stock bond mix. But there's more to it than that, a larger part. Let's talk about that
1:35.1	part. You can take more risks when you invest young. It's blanket advice. So first, a word on blanket
1:42.6	advice. With my coaching clients, I typically tell them to use the stock market to grow money they
1:48.5	won't need for at least five years, and to use something more conservatives, such as a savings
1:53.7	account or municipal bonds, for money they'll need earlier.
	...

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