As a young 20’s or so beginning the journey into investing and saving. I’d like to hear your thoughts on setting investment goals.
You mention that the 8th wonder of the world is compounding interest and that it is the most valuable thing young people have as their advantage against other investors.
My question boils down to how do young people invest in their future when large purchases will be needed in the future. Eg Car, House.
Do you take an approach of invest what you can now and then take it all out when you buy a house or do we try and keep some moving in the markets and keep it hopefully compounding? Or should there be a separate house fund that we save up parallel to the investment funds?
Would like to hear your experiences with this and what strategies you might be taking advantage of.