It’s never too early to get started!
If you’re a typical college student, thinking about long term financial goals and your eventual retirement may be the last thing on your mind. But remember the most important principal of investing – it’s the time value of money and the impact of compounding on your investment account that makes getting started now absolutely imperative!
There are a number of great articles and sources out there with plenty of practical advice. Here is an especially good one from my friends at Bankrate.com, one of my favorite sources for up to date information on current interest rate information from banks across the country. Article
Of course, these days putting your money in a bank is clearly not the best strategy for building wealth, so finding a licensed investment professional at an established and respected brokerage house should be a top priority. At least initially, I recommend a “bricks and mortar” office instead of an online-only option. That way you can actually sit face-to-face with your investment advisor and allow them to do what they do best – educate you on options and direct you toward those that fit best with your tolerance for risk.
Let’s get started!