MANN: Investment Tips for Young Adults


Wednesday, March 11, 2020

With the Coronavirus spreading and oil prices tanking, world markets are highly volatile. Even in a time of financial stability, investing may seem like a daunting endeavor but many people look at the market situation right now and think it’s too risky to start playing. Moreover, young people may not have the money to spare for investments. However, if you have a steady income, or have a little capital to throw around, here are a few tips to help you get started.

This list could consist of how to read RSI charts, what “Iron Condors” do, or any number of market predictions. Instead, what is more valuable is a set of rules that transcends any one investment type. This list will benefit any would-be investor, be they an active market shark or a passive market watcher.

1. Use All Available Resources

We live in an age where the culmination of centuries of investment strategy is at your fingertips. YouTube contains everything you could possibly want to know about using your money. Go online and absorb as much information as possible because you owe it to your checkbook. When reading is more your speed, manuals inundate local libraries for the beginner investor. If you have no time to do this yourself, or simply can’t be bothered, you can dump your money onto a financial adviser for modest gains without much intellectual strain.

2. Carpe Diem

If you have never thought about investing before, start now. You will be hard-pressed to find an investor who didn’t wish they started years earlier than they did. 

If your investment profile is peanuts compared to your owned assets, build it. Money sitting in a mattress stays just that. You probably have a bank account earning pennies in interest every year. That is only an investment portfolio if you’re easily pleased with mediocrity. A large portion of that money could be in a brokerage account that you are using to net monetary growth. 

3. Have a Plan

An investor without a plan is a gambler. You must remember that this is your money. You worked hard to get it, so why would you throw it at a wall and hope it sticks? This money is supposed to be working for you but you have to do the preparatory work for it to do so. This plan needs to be exact: “I am investing because of x reasons, I am getting in at point A, and I will get out at point B.” It could be as simple as “I am investing in my retirement so that I can have an income after I am unable to work, I am starting as early as I can, and getting out at best market conditions available around the age of 65.” Make a plan and stick to it.

4. Build Discipline

If you have a steady income, a portion of it needs to regularly go to investments. Many brokers have automatic deposit functionality where a set amount of every paycheck can go into your account. Use it. The more capital you have to invest, the more you stand to make. 

5. You Will Lose

There will be days when you wish you hadn’t taken a position. Those days can be catastrophic on occasion. That is okay. If someone is consistently winning every day, I would care much less about their portfolio and much more about what they think the lottery numbers will be. Losses are normal, but your wins need to outweigh them. 

6. Winning Means Not Taking Bad Positions

Duh. Every position, whether that be a 3 hour day trade or a 40 year defined contribution retirement plan, needs to be weighed for pros and cons. If the pros don’t vastly outweigh the cons, don’t take the position. Every negative factor present in a position is a chance to lose money, so avoid them like the Coronavirus. 

As you research, you will learn all of the minute details of your chosen investment type and your wins will reflect that. You will pick up patterns and excel at profiting off of them. Investing has made a lot of people tons of money and why can’t you be one of them?


Tanner is a born-and-raised West Virginian. He has a Bachelor's Degree in Mathematics from West Virginia University and currently works as an Actuary. His interests include politics, physical fitness, professional soccer, and corgis.

The views expressed in this article are the opinion of the author and do not necessarily reflect those of Lone Conservative staff.

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About Tanner Mann

West Virginia University

Tanner is a born-and-raised West Virginian. He has a Bachelor's Degree in Mathematics from West Virginia University and currently works as an Actuary. His interests include politics, physical fitness, professional soccer, and corgis.

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