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Early Working Years

Early Working Years (20 to 35 Years)

Your age and life situation should play a big role in the investment choices that you make. For e.g, if you are thinking about getting married, you may be considering buying a home. However, if you’re in your 40s, you may be saving for retirement or your children’s education. Below are some sample asset mixes to show you how investments change at different stages of life. Remember, that you must examine your present situation and financial goals in order to decide the amount of risk and the mix of assets that will be best for you.

If you’ve just started your first job, chances are that you may not have a lot of savings. However, do not be too concerned as you have time on your side. Many people at this stage are risk takers when making long-term investments because they believe that if even things go wrong they have time to recover. Some types of investments that this person may consider are equity investments, such as stocks in individual companies or mutual funds that invest in stocks of many companies.

Here are some additional tips for persons in this life stage:

  • Learn Self Control
  • Take Control of Your Financial Future
  • Know Where Your Money Goes
  • Start an Emergency Fund
  • Start Saving for Retirement Now
  • Understand how taxes work