When should people start investing
- Thread starter eldavis
- Start date
I think as soon as the person has a job and start earning money, s(he) can start investing. One advantage of investing at a young age is that you can take on investment risk because you have a long time to make up for losses.
Investment should be started at tender age. We should teach our children how to Invest using piggy bank. There is no specific time to start investing. Investing should start immediately we start to make money.
Well, speaking of age, I would strongly advise against investing money in people under the age of 18! For the rest I say, it depends on the moment about their economic availability.
Investing is very important and, in my opinion, there is not specific age for people to start investing.
I may agree, but nevertheless it is more than common knowledge that every investment method carries a certain risk of loss. Don't you think instead that people under the age of 18 could perhaps limit themselves to learning investment techniques without investing real money?
Yes, but don't you think that first it would be better to take trading courses and have a very thorough knowledge about investments? We must also consider not to run into many scams that unfortunately nowadays are present almost everywhere.
Certainly one can invest if already in legal age, that's what I know where one is no longer under the custody of their parents. Once one is able to invest it's the money one is willing to let go that matters and not the age.
Indeed that is exactly what I meant, my friend. At the legal age of adult, which normally in most countries of the world (including Italy where I live), is equivalent to 18 years of age.
The time to invest could be phenomenal sometimes but it should not be taken as something very important because you can invest and start your business at any moment you feel it is right and you must always be into a rigorous research before you start one.
People place priority on the time to start up a business and I think they are right because there are certain times when a business would strive and it will give it a boost because you have calculated the right time to start it.
People should start investing as soon as they are financially able to do so, and as soon as they have a solid financial foundation in place. This generally means that they have:
Established an emergency fund: Before investing, it's important to have a safety net in place in case of unexpected expenses or a loss of income. A good rule of thumb is to have 3-6 months' worth of living expenses saved in an emergency fund.
Paid off high-interest debt: High-interest debt, such as credit card debt, can be a significant drain on your finances. It's generally a good idea to pay off any high-interest debt before investing.
Established an emergency fund: Before investing, it's important to have a safety net in place in case of unexpected expenses or a loss of income. A good rule of thumb is to have 3-6 months' worth of living expenses saved in an emergency fund.
Paid off high-interest debt: High-interest debt, such as credit card debt, can be a significant drain on your finances. It's generally a good idea to pay off any high-interest debt before investing.
A lot of investment platforms want you to be of a certain age before you can use them. In our country, you need to be at least 16 years of age so that you become a citizen of the country. Without being citizen, you will not have any legal staus.
