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5 Investment Tips We Wish We Could Tell Our Younger Selves Thumbnail

5 Investment Tips We Wish We Could Tell Our Younger Selves


As a young professional, you may be worried about the basics of your financial life, like budgeting and saving. While four in five millennials have started saving for the future, only one in two millennials are investing.1 

Whatever your age, investing can be an intimidating endeavour. Because of this, it’s possible you’ve put off investing or haven’t given it much consideration. Regardless of where you currently stand with investing, here are five tips to help you get started and make sure that you are on the right track.

Tip #1: Start Early

You don’t need to be earning six figures in order to start investing. If you’re able to, start small with what you have. A modest amount of money can grow exponentially over time thanks to the power of compound interest. Starting a small investment now can create a big payout later down the road.

Tip #2: Invest Regularly

While it may be tempting, it isn’t productive to wait around deciding when the perfect time to invest is. This is called trying to time the market, and it has a reputation for not always being a favourable move for the investor. Instead, try investing small amounts of money on a scheduled basis, like clockwork. It’s also important to invest regardless of your recent returns, as past performance does not guarantee or indicate future performance. Instead, create a plan and stick to it.

Tip #3: Diversify

If you only invest in one company or sector, you could lose a lot of money if something causes those stocks to drop. Avoid putting all your eggs in one basket by keeping your portfolio diversified. 

Tip #4: Enroll in Your Company Sponsored Retirement Plan

If you’re a full-time employee, you may have the option to enroll in your company sponsored retirement plan. After enrollment, you’ll likely have the option to automatically divert a fixed amount from every paycheck into the plan. Most companies will match your contribution up to a percentage of your salary. Also, earnings in the plan can typically grow tax-deferred or even tax-free until withdrawn in retirement. Not only does this option have tax-saving advantages, but you also won’t even have to think twice about when or how much to invest.

Tip #5: Work With an Advisor

You are always going to have a certain amount of bias when it comes to your money. This can make it tricky to make fact-based investment decisions. An investment advisor offers unbiased, educated guidance to help you make investment decisions based on your long-term goals, not short-term worries. An advisor can provide the dedicated time and know-how needed to properly manage a portfolio that you yourself may not have. 

Hindsight is 20/20, and there are ways in which everyone wishes they would have handled their money differently in the past. If you’re just beginning to build your portfolio, take the advice we wish we could give our past selves. These five tips are just the beginning, be sure to speak to an advisor before making any big decisions regarding your financial future.

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  1. https://www.getsmarteraboutmoney.ca/resources/publications/research/missing-out-millennials-and-the-markets/

About the Author

Jason P. Berube is the Founder and CEO of Cornerstone Wealth Consulting Services, LLC in the Boston area. He specializes in helping contractors build wealth and protect their family business for generational growth.  

This content is developed from sources believed to be providing accurate information, and provided by Cornerstone Wealth Consulting Services LLC. The information in this material is not intended as investment, tax, or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.