Top stock portfolio-building strategy for young people
When counseling clients, financial advisors often draw a distinction between investing and speculation.
Investing, they say, generally involves consistently buying into a broadly diversified swath of the market and letting compounding interest do its work over the course of decades. “Real investing is boring. It’s like watching paint dry,” Ramit Sethi, author of “I Will Teach You To Be Rich” told CNBC Make It in July 2023.
Speculation, meanwhile, is nothing if not exciting: A speculator buys assets that offer a chance at sky-high returns and substantial risk of loss. And when it comes to building wealth, taking on a little extra risk has the potential to go a long way, says Jim Cramer, host of CNBC’s “Mad Money” and author of “How to Make…
