Why Picking Stocks is a Terrible Idea for Young Investors: Expert Advice

The Risks of Investing in Individual Stocks

Investing in individual stocks can be a tempting option, especially when you see success stories of people who picked the right stocks and made substantial profits. However, according to Christine Benz, director of personal finance and retirement planning at Morningstar, this approach is not recommended for beginners. Benz stated in a resurfaced 2020 post that “individual stocks are TERRIBLE investments for people just starting out.” This sentiment still holds true today.