Founder and CEO at Unhedged.io, an algorithmic investing platform for everyday investors.
If you’re a new college graduate, congratulations! Now with your diploma in hand, you’re ready to tackle the next phase of your life. To ensure that you move through that next phase—and future phases—with as much financial security as possible, it’s crucial that you start taking smart investing steps now.
There’s tons of advice online on smart investment strategies, but I advise new college graduates to start with the basics. Here are some tips that will give you a head start.
Understand That Compounding Is On Your Side
example from U.S. News and World Report: someone who begins to invest $200 monthly starting at 25-years-old will have more than $520,000 by 65. In comparison, holding off until age 35 to invest the same amount of money per month will yield only about $245,000 by 65. That 10-year wait