Invest while young, enjoy while old, says investing guru, Christopher Linkas
Christopher Linkas is a financial expert who has been a credit investor for more than fifteen years all over the globe. He has taken the noble duty to advise and mentor the younger generation on all platforms he has access to it. He writes and speaks in seminars advising the young people to start investing early.
According to Christopher Linkas, the secret to securing a rich future is by investing early and taking advantage of compound interest. Even though younger people may not have a lot of money, Linkas says that they have the advantage of time. He adds that retirement costs especially for the medical care costs, which is among the top expenses for most retirees, is on the rise and there is no telling what the future costs will be like. The best way for people to manage these unpredictable scenarios is by investing early and having enough financial muscles to tackle the challenges that may crop up in the future.
Christopher Linkas advises millennials not to wait for their older age to invest because time will not be on their side. He says that advising at the earliest possible age is beneficial and highlights the following benefits for the millennials who make the wise and fateful decision of investing early. Christopher Linkas says that the best aspect of investing early is the benefit of having time at your disposal.
Young people who invest early will have the time to bounce back in case of a bad investment and most importantly they will have to learn and get experience.
This will shield them from future losses and will also increase their appetite for higher risk because they have the convenience of time that will allow them to readjust. He urges all young investors to invest and reinvest their profits. It may seem like a small amount of money, but Linkas says in the long term, it makes a huge impact because of compounding.
He also says that with the internet and new technology, information is now largely free and easy to access. Young people have the benefit of accessing the information, unlike the older days when information was tied up to a small circle of investors. Young investors also have the benefit of accessing investing tips and knowledge from experienced professions by the click of a button.
More about Christopher Linkas
Presently Linkas is a management executive at a European credit group where he is in charge of multi-million investments in the UK and the larger Europe. He is an expert in shipping, commercial real estate, corporate loans, securities and non-performing loans.