If you’re a young adult, starting to plan for your wealth can seem like a daunting task. But just like a football team needs to start with a strong foundation to win games, you need to start with a solid understanding of a few investing principles to achieve your financial goals.
• Key principle 1 — Start early and be consistent. Even small, regular investments can add up over time.
• Key principle 2 — Diversify your portfolio. Spreading your investments across different asset classes can help reduce risk.
Remember, investing is a marathon, not a sprint. Score big in the game of wealth planning and take the first step toward achieving your financial goals by following these principles and staying disciplined.
Financial advisors are available to consult on other key principles to help you achieve your goals.