Investment expert Chris Linkas advise young people to start investing as early as possible attributing some key lifelong benefits to it. The early investment gives one a chance to take more risks especially with more volatile ventures that yield more returns on investments. Young people who invest early have recovery time if something were to go wrong, and also have a chance to take riskier moves. On the other side, late investors are essentially more careful with how they choose to invest their funds.
Compound interest has a big difference if it is given time to accumulate and has potential gains. Continuous investment of earnings exponentially increases yield on investment. One of the biggest risks to investments is poor spending habits. Chris Linkas notes that with early investment allows young people to develop disciplined spending habits sticking to the budget and cutting expenses. It also provides improved personal financial situations where one can afford things their peers cannot and enables one to face hardships later on in life. Early investments reduce the risk of making reckless choices as one nears retirement improving your quality of life.
Young people in their 20s should invest some of their money even though they have other needs such as paying back student loans. According to Chris Linkas, college students and young professionals procrastinate when it comes to investing money, especially in the stock market. As a financial expert in charge of a 20-person group in Europe that specializes in initial investments of opportunistic nature, he has wide knowledge on how to invest and its benefits. He deals with international groups across Europe and believes in reinvesting.
Chris Linkas advised young people to invest whatever their financial status may be, especially in conservative mutual funds that offer good quarterly dividends which should be reinvested into new shares that compound over the years. He says that technology has given young people an advantage over their parents where computer software programs, cell phones, and financial apps give young investors tools needed to learn about investing (http://reporterexpert.com/chris-linkas-talks-to-millennials/). Moreover, they should take stock of themselves by looking at how they can become self-employed entrepreneurs, or take the numerous chances and seek jobs paying higher wages.
Despite what many of Paul Mampilly’s naysayers said early on about 2016, it ended up being a great year to buy stocks and 2017 followed with much the same promise. Now that 2018 is here, there are new stocks to consider buying that represent what the future holds for the US. These are mega trends stocks which have to do with advanced technologies in financial tools, precision medicine and the “Internet of Things.” Such technologies include the expansion of mobile banking, cardless ATMs, microlending, smart appliances, voice-activated search technology and even self-propelled vehicles eventually. Mampilly goes into even more detail about these mega trends for those who subscribe to his Banyan Hill newsletters.
Paul Mampilly has been writing newsletters for over a year now at Banyan Hill sharing his knowledge of investing to middle class people who would otherwise be left out of it. Before that he was a big name on Wall Street. He holds a bachelor’s degree in finance and economics and an MBA from Fordham University. He worked for several big banks managing client assets beginning with Deutsche Bank and moving on to ING, Banker’s Trust, Sears and a large private Swiss bank. He also spent several years as a general consultant at Capuchin Consulting before becoming a big portfolio manager at Kinetics International Fund. Here he helped bring in over $25 billion in client assets and made the headlines of Barron’s magazine for the fastest-growing hedge fund making investment returns of over 40% in a year.
During his professional career, Paul Mampilly was on record for predicting the 2008 housing crisis and also was an early stock buyer in online companies like Facebook and Netflix while also scoring major profits in a startup pharmaceutical company named Sarepta Therapeutics. In 2008 he brought a $50 million investment to the Templeton Foundation competition which gained 76% over the course of the year when the housing crisis was at its height, and his returns helped him win the competition. It wasn’t long ago that he decided to leave the corporate world because even though he liked making money for other people, he didn’t just want it to be for the wealthy. So he joined the other authors at Banyan Hill and started writing information that people could afford to buy with his newsletters “Profits Unlimited” and “Extreme Fortunes.” You can also find out about investment tips through Paul Mampilly’s Youtube channel.
About Paul Mampilly: forexvestor.com/profits-unlimited-review
The current president of NFS Distributors Inc., David L. Giertz, gave an interview to Wall Street Journal in 2014 talking about the importance of the topic “social security” and the trend that advisors seem to be avoiding talking about it with their clients.
David Giertz said that they performed an inquiry with customers who hired advising professionals, asking them if their advisors were talking about social security with them. The research was done with a partnership with the Nationwide Retirement Institute and the clients questioned were people about to retire or 10 years from retiring.
What they found out is that many people were retiring without even hearing about this topic at https://vimeo.com/davidgiertz. This feedback is important for advisors to earn trust from their clients since the same study showed that four out of five individuals interviewed on SoundCloud.com said that they would change their retirement advisors if they knew that they were avoiding the talk about social security.
Why does this avoidance happen? It seems that advisors consider it hard to explain to clients as the rules are extensive; 27,000 rules to memorize; and people might get confused or outright not understand how it works, so they choose to avoid the subject. Read more on cnbc.com
However, David Giertz says that it is important to be transparent with the clients as not talking about it could mean the loss of a customer. People that are about to retire are paying more attention to their rights, and an advisor that is caught off guard could lose a lot of money.
Mr. Giertz is an aware personality to talk about this topic, as he is a financial advisor in the Nationwide Investment Services Corporation which performed the survey and President of Nationwide Financial Distribution. He has over 30 years of experience in the field, having finished his MBA in 2003 in Business Administration and Management in the School of Business in Miami.