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Getting used to looking at the numbers move up or down depending on Mr. Market's mood. Sometimes he can be unplesant. But most of the time, he is a stand up guy.

Investing Later in Life

Where to Start?

Getting started investing can be a daunting task. Believe me, for the past few years my nerves have been shot. I can't get any work done and I seem to always be trying to play catch up. My eyes are always glued to the screen, my ears always wired on the news, and my finger always on the trigger (buy button). This is a bad recipe when you reach your mid 30's. Yes, still pretty young I know but had I just grasped this concept in my early teens, my family and myself would be so much better off by now and I wouldn't be trying to play catch up. The truth is that there is no catching up these missed years of opportunity. The good thing is that you are not completely out of the game. On the downside, you will likely always be a decade of capital gains and compounded interest away from your peers who may have gotten the drop on the market in the early years.

What can you do to solve this? Well, get to it! Start investing immediately, but in a smart fashion. It is wise to start out with mutual funds and index funds that meet your investing objective. At the same time, read as much as you can about investing. During your reading, you will learn a lot about diversification and allocation, which are two very important aspects of intelligent investing. Check out Benjamin Graham's book, "The Intelligent Investor". This is a good read but the old language will really blow you away. One book that changed the way I will invest forever is Get Rich Carefully by Jim Cramer.


Benjamin Graham's

The Intelligent Investor

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) (Collins Business Essentials)
Amazon Price: $22.99 $3.99 Buy Now
(price as of Aug 1, 2016)
This is a great read. It predates most of the present investing world but gives good basic insight into what we as intelligent investors should be focused on. Value investing is a big topic here. Successful Billionaire Warren Buffet, took many of his teachings from Graham.

Jim Cramer's

Get Rich Carefully

Jim Cramer's Get Rich Carefully
Amazon Price: $29.95 $10.79 Buy Now
(price as of Aug 1, 2016)
The tips given in this book are more modern and can really help you with your daily stock picking strategies. The key word here is Carefully. We don't want to be risky, especially if we are late bloomers.

Investing Later in Life

Biggie or Not?

DO NOT make the mistake of believing that life is short. The truth is that life is anything but short. Realistically, 80 - 100 years is relatively short compared to Earths existence but is by far plenty of time to accomplish your retirement goals and plan for the well being of your family. Taking the time to carefully make a plan and stick to it will help to ensure that your future goals are met.

Take a moment and think of what your life would be if you had invested 10 years earlier. There are plenty of tools on investment platforms that will give you a hypothetical growth chart for the last 10 years. Pick some of your favorite companies and plug their information into the tool and see what you come up with. My company was and still is Apple. As of right this minute, my tool is telling me that $1,000 invested 10 years ago would be $28,849 today. Keep in mind that this does not include the extra income from dividends.

Don't let anyone ever tell you money will hut you, or that its a fools game, or it's not the key to happiness. With enough of the green, you can get a key made in an instant. I'm only here to instill good principles to people that may have been lost in the noise of the world. So from this day fourth, you can control your destiny. The world cannot predict your fate. Only you can. After you jump your first investing hurdle, it will start becoming second nature and you will do just fine. So, investing later in life? As long as you have a plan and get started right away, I would say it's "No Biggie".