A young person working their way up the company ladder and investing their money can afford to take an aggressive position. In fact, that approach is advisable. Growing their accounts over a long work life is the goal.
For example, they can invest in index funds that are strictly equities and not worry much about a sharp stock market decline. That’s because they’ve got 40 years or so until retirement and don’t have to fret about major market swings as would a person in their 50s or 60s. History has shown that down markets bounce back, and folks in their 20s, 30s and even 40s have time for their funds to recover, and so they can proceed with an aggressive mindset.
