Starting to invest late in life isn't a lost cause.

Investment Strategy for Late Starters - Starting to invest late in life is not a lost cause, discipline and strategy are crucial [1] - The biggest mistake is gambling to make up for lost time, prioritize stability and cash flow [2] - Focus on capital preservation and calculated risks [4] - Get a financial plan, including budgeting and automating investments [5] Asset Allocation - Consider high-quality dividend stocks, blue-chip companies, and diversified ETFs [3] - Defensive sectors like healthcare, utilities, and consumer staples are recommended [3] - Bonds or fixed income add stability, especially approaching retirement [4] Specific Investment Examples - Examples include Johnson & Johnson and Proctor & Gamble [3] - XLP or VO ETFs should be core holdings [3] Risk Management - Avoid chasing risky stocks or speculating on the next big thing [2] - Do not go all-in on the riskiest ideas, especially near retirement [3]