Actual Question:
At my age of 30, is it a good idea to start investing in stocks? I’m already investing in mutual funds. I don't have much idea about the stock market.
Answer:
Dear Friend!
Your question has three parts.
Age:
30 years is a golden age to start investing in stock. You still have at lest 30 years to earn active income and to invest in shares.
Investing success to a great extent depends on starting
early. When questioned for one important factor for his phenomenal investing
success Warren Buffett replied, “I was fortunate to start early”.
Knowledge of Investing in Stocks:
Now coming to the part about learning to invest in stock market, let me once again assure you that it is not a rocket science nor does it requires high IQ.
- Please read the book, “The Intelligent Investor” by Benjamin Graham. It changed my life.
- Please carefully scour through my blog “Wealth Vidya”. It has plenty of free knowledge compiled with great effort for seekers like you.
- Watch many Warren Buffett’s interviews available on YouTube. I have made a short compilation on my blog at Videos.
Mutual Funds:
You mentioned that you are already investing in mutual funds. Great! Please keep in mind to invest only in low-cost, well diversified, index funds or exchange traded funds. Following articles will guide you:
- How to Choose the Right Mutual Fund to Invest?
- Types of Mutual Funds
- What is an Exchange Traded Fund?
- How to Invest in Overseas Stock Markets?
In conclusion, 30 is the perfect age to start investing in stocks, don't worry about that.
Thank you,
With Best Regards
Anand
