Read the Stories

Adam

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I think even if you don’t have a 401(k), you can still practice good investment habits and have a good investment mentality.
“My name is Adam and I’m 25 years old. I’ve had my 401(k) for three years. I think I’m a pretty diligent saver. I do selectively buy stocks for companies I think have a pretty good upside, but it’s not like I actively manage the 401(k) as much as my own stocks.
I think even if you don’t have a 401(k), you can still practice good investment habits and have a good investment mentality. What I mean by that is to be very cognizant of your own financial situation. For example, maybe you think it’s possible to graduate in three years as a way to lessen your student loans. You don’t have to think about your 401(k) when you’re in college before you start your first full-time job, but you can be prudent about your own financial situation. If you have side jobs while you’re in school, you can start saving and chipping away at your student loans. The 401(k) comes later, but the development of good financial habits can begin at any phase of your life.
I think the past few months, especially for younger investors, it’s a great time to evaluate how a very volatile market situation can affect your overall investments. It’s fun to learn from both the good and the bad.”
Photograph & interview by Ivana Gatica

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