Chris Linkas has made a career out of knowing the business he is in and is not afraid to take a chance. He has worked hard over the years to get where he is and makes sure that his clients are happy. He has always wanted to be a part of the finance and credit industries. He has been working as a financial advisor for top companies for more than twenty-five years. He has worked for Goldman Sachs in the United States and now has his own firm in London England. Here are some tips that can help young investors on their way in the financial world.
The first thing to keep in mind is that youth allows a person to take an occasional risk with money. The payoff can be rewarding and people who begin investments later in life tend to be more practical and cautious when it comes to making investments.
The second thing to keep in mind is compound interest. This is the interest made on interest when someone invests money. An example of how this works can be like a young person that invests two thousand dollars per year for ten years at a growth rate of ten percent per year. When the person turns sixty-five the investment will have grown to over half a million dollars. That is impressive, to say the least.
The third step to keep in mind is how to spend your money. Good habits now will be fruitful later on when it comes to retirement. By sticking to a budget a person can be responsible with money and have a little fun too.
The final tip is that being responsible now will improve the quality of life down the line. An example is a military member that invests in a Roth IRA or Thrift Savings Plan. Investing early is the key to success for accounts like this.
Advisors like Chris Linkas are there to help people when it comes to the markets and investing. With these tips and Chris’ help, a person can navigate the complex financial markets with confidence to spare.