They say you can take more investing risks when you are young. But remember, If you lose a big chunk of capital, it still sets you back a good deal, no matter when.
Yes, it is better to lose chunks of capital at age 40 than when you are at 60, or when you are 60, than of at age 80.
Nevertheless, look at a compound interest table, and see what happens to any amount of principal, when you lose a large sum early on.
The lesson? Always be careful. If you have losses, the earlier they occur before you need the funds, the luckier you have been.
There is always the brighter side of youth. But discretion is important when investing.
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