Characteristics of individual investors must be considered when making investments. General media advice or suggestions can be totally misleading because they invariably disregard individual circumstances. Namely. the investor’s age and ability to take risks.
You can afford to take losses in your youth when you have time to recoup errors that you cannot afford when you are on in years, or retired.
Investors must also consider risk by taking into account their knowledge of the securities markets; and each, distinctive personal situation in addition to age; such as number of dependents, financial status and investing-comfort.
Therefore, much advice and commentary is universally misused by ambitious gurus we encounter in the media. ( See the Earl J Weinreb NewsHole® comments.)
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