{"id":7862,"date":"2023-02-20T12:01:40","date_gmt":"2023-02-20T01:31:40","guid":{"rendered":"https:\/\/adelaideprivatewealth.com.au\/6-tips-for-the-young-investor-in-todays-markets\/"},"modified":"2023-02-20T12:01:40","modified_gmt":"2023-02-20T01:31:40","slug":"6-tips-for-the-young-investor-in-todays-markets","status":"publish","type":"post","link":"https:\/\/adelaideprivatewealth.com.au\/6-tips-for-the-young-investor-in-todays-markets\/","title":{"rendered":"6 tips for the young investor in today\u2019s markets"},"content":{"rendered":"
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How much money you\u2019re able to invest each year is one of the biggest factors in achieving your financial goals.\u00a0<\/em>And the longer you\u2019re invested, the more time your money has to compound and grow.<\/strong><\/p>\n

Inflation is up and markets are down. What does this mean for you?<\/p>\n

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Entering the world of investing can be intimidating, even during the best of times. After all, it\u2019s normal to have some hesitation when you\u2019re doing something new. But what about when the markets are choppy?<\/p>\n

The truth is, ups and downs in the markets are normal parts of the investment landscape. But starting out during a rocky market is not a bad place to be.<\/p>\n

When you\u2019re still in the accumulation phase of your financial life, you\u2019re trying to grow your portfolio\u2014by holding more growth-oriented investments, for example. At this stage, you\u2019re more likely to have time to take on more risk because you won\u2019t be accessing your money for many years. In short, time is on your side.<\/p>\n

A volatile market can be seen as a formidable hurdle. But down markets can be favourable for investors. As the mantra goes, \u201cbuy low, sell high.\u201d<\/p>\n

If you can start saving for your future when the share market is down, you give yourself a better chance of meeting your goals. That\u2019s because you\u2019ll be able to buy more shares at a lower price, which can give you more value over the long term.<\/p>\n

The longer you wait to start investing, the more money you\u2019ll likely need to invest over time to accumulate the same amount. You could also end up purchasing shares when they\u2019re more expensive and miss out on market appreciation.<\/p>\n

This also could be a great time to dollar-cost average. \u201cDollar-cost averaging\u201d is the practice of purchasing a fixed dollar amount of a particular investment on a regular basis, regardless of the share price. You\u2019ll automatically buy more shares when prices are low and fewer shares when prices are high. This helps you avoid the risk of investing a lump-sum amount when prices are at their peak. With each contribution, your portfolio has the potential to grow\u2014increasing your nest egg.<\/p>\n

Tips for getting started on your investment journey<\/h3>\n

The Dos<\/h3>\n

1.\u00a0Start now, start small<\/strong><\/p>\n

Create a budget for yourself and commit to investing a comfortable amount on a regular basis. For example, you could:<\/p>\n