The Worst Investing Mistake a 20-Something Can Make

7 years later, and still true.

The Small Investor

If you’re in your 20’s, having graduated college and started your new job in the early to mid 2000’s, you probably have a bad impression of the stock market.  After all, you have seen the bursting of two of the biggest economic bubbles America has ever seen.   First, at the end of the 1990’s, after about seven spectacular gains in the market, the creation of a whole new market sector, and seeing whole companies full of people become millionaires overnight, you watched those same companies disappear into dust in a matter of days.  Even the most dominant companies – Amazon, Priceline, ETrade – fell 80-90% or more from their highs.

At that point Bush cut taxes and people debated for the next several years over whether those tax cuts revived the economy or caused the deficit, but things in the economy and stock market became better.  People were spending money like crazy, companies were making money.  People were…

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