Memories of the global financial crisis — and subsequent market dips — hang heavy for savers, particularly those who came of age during the 2008 downturn.found that just 23% of those between 18 and 37 years of age saw the stock market as the best long-term money store. That's compared to 33% of Gen X and 38% of baby boomers .
The good news, however, is that it's easier today than ever to invest; new technologies and a host of digital wealth managers have opened up entry into lower-risk investments from anywhere in the world.Before you begin thinking about your first investment, or choosing the type of vehicle to use, it's crucial to figure out what you're doing it for, experts said.
As a general rule, financial advisors recommend a 50/30/20 strategy, whereby 50% of your income goes to living expenses, 30% to discretionary spending — or wants — and 20% to savings. However, that may vary depending on your goal and time horizon., which enables you to earn interest on your returns. But Ferrario cautioned investors to be realistic.
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