TOP FIVE TIPS
Here are essay winner Jack Alexander's five tips for budding investors:
1. Start early.
2. Reinvest your dividends.
3. Pick stocks you know a lot about or are interested in studying.
4. Look for long-term trends. "You just need to read the news, just kind of step back, take a look at the world and say, '30, 40 years down the road, what's going to be in high demand?"'
5. Diversify. His dad always told him not to put all of his eggs in one basket.
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Business
Spine surgeon built Burnsville campus to operate on patients others deemed too risky
Pioneering surgeon has run afoul of Fairview Health Services, though, which suspended his hospital privileges amid an investigation of his patient care.
After COVID grounded flights, Rochester's airport has faced a slow recovery
Passenger volume at Rochester International Airport is down nearly 50% since the start of the pandemic as travelers migrate to MSP for cheaper flights without layovers.
Business
Ramstad: Investors focused on AI and flashy tech may overlook important innovation
Two of Minnesota's oldest industrial companies — Graco and Tennant — show innovation is everywhere.
Business
Think of your financial choices as a path to discovery
Every financial decision you make sets you on a path of discovery. There is not a GPS to effortlessly guide you. Instead, you bushwhack your way through what you thought life would be like to get to the way it really is.
Economy
Assess your financial risk before new policies affect the economy
The Trump administration comes into power with many policy goals, including economic initiatives like enacting significant tax cuts; imposing broad-based and significant tariffs; sweeping raids, mass deportations and tighter immigration controls; and slashing federal government regulations.