CNBC – May 13, 2019
David Schneider recently appeared in a CNBC report on investing in your 30s.
In it he advises that investors shouldn’t waste time comparing themselves to people who are spending a lot of money since there is “There’s a good shot they’re running up debt on a credit card, or someone else is funding them,” and “It might seem like they’re living the dream, but fast forward 20 years. “It’s not going to look so fantastic for them.”
He also reminds investors that the stock market has beaten other investments over time because “it’s compensation for bearing risk.”
He reminds investors that ups and downs in the stock market are normal and that “young investors can expect it to drop 30% to 50% once or twice a decade for the rest of their lives.”
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