A member of the Forbes Financial Council, Mike McGlothlin was quoted in a recent Forbes article offering advice to young investors. Mike’s tip for young investors is …
Consider Time and Location
Investing early and consistently puts time on the side of younger investors. Make sure you match the proper funds or allocation strategy with your unique risk tolerance. Don't assume you should be aggressive because you’re young. Pay attention to location, not just allocation. Make sure your long-term retirement investments are in a combination of vehicles to maximize net after-tax income in retirement.
Read the rest of the seven tips for making your first market moves at Forbes.com and be on the lookout for more of Mike’s posts on Forbes!
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