That isn’t quite right-- you see, low-expense, unmanaged index funds are the best investment vehicle for everybody, unless you’re approaching retirement age and want to strictly curtail your exposure to risk.
They’re the best investments because they consistently outperform every other investment over time available while also being extremely diversified (as they’re indices) to moderate risk.
I’m not exactly ancient but I know a lot of you guys are younger than me so let me just say the earlier you start the better. Compound interest is magical. The longer you’re in the game, the better off you’ll be later on.
Might not seem like a big deal now, but depending on your job and salary, your decision to contribute 11% to your 401k at age 22 could mean a couple hundred thousand dollars at 40 and millions at 65. It’s an important decision.