FOR IMMEDIATE RELEASE–
June 27, 2010 — Jim Lowell, author of “Investing from Scratch,” joins the Young Wealth Show to speak on financial planning for young investors. The interview aims at the 20 to 30 year old beginning investor by suggesting actions to take to get on the right track.
Host of the Young Wealth Show, Jason Hartman, asks Lowell what basic actions young adults can take prior to investing. Lowell replies, “Time is on the young investor’s side to secure a bright financial future… make sure you are employed, have three to six months saved for a rainy day, then, with limited capital, invest in no-load indexed mutual funds to take advantage of compounding interest.”
Lowell spent most of his childhood and young adult life talking about stocks, bonds and cash around the dinner table, not sports, and suggests that investing clubs or groups can be beneficial for young adults to gain financial literacy. “But take a cautious approach to the existing investor clubs,” he says, “if you can, assemble an investing club with friends and share notes; often times, the long-standing clubs may require you to purchase the funds they are involved in.
Financial planning and goal setting can cast a young investor in the right direction; and increasing financial knowledge, and paying attention to economic activities, can help a young investor recognize opportunities or risks that exist. Lowell states, “With the government spending itself into oblivion, we need to secure our own financial future. Remember, it’s time in the market, not timing the market that creates long-term wealth.”
The Jason Hartman Foundation recognizes that life as a young adult can be very confusing and chaotic. In the midst of completing formal education and beginning a career, there is a constant level of uncertainty concerning what will transpire in the future. The Jason Hartman Foundation is specifically concerned with helping young adults develop the necessary skills for financial success. The Young Wealth Show offers free educational information to help young adults develop the financial literacy needed to become financially independent. The show can be found on www.JasonHartmanFoundation.org/articles/young-wealth-show or the iTunes store.
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Contact Info:
Brittney Roberts
The Jason Hartman Foundation
Phone: 714-820-4267
Email: Media@JasonHartman.com
Web: http://www.JasonHartmanFoundation.org
