GameStop shares famously soared 1600% in January 2021 before plunging over 80% in a week. That taught many young investors a valuable lesson about risk and reward. Victor Rebilla was in high school when he put an initial $50 investment into the meme stock craze.He rode the wave up and got out before it bottomed out. I think having that hands-on experience was super valuable and I don't really think that's necessarily something that you can really be taught. >> Since the meme stock mania, an increasing numbe ...

Core Insights - Participating in an employer 401(k) plan is beneficial due to automatic paycheck deductions and potential employer matching contributions, which can be considered free money for retirement savings [1][2] Group 1: Benefits of 401(k) Plans - 401(k) plans are easy to fund as contributions are automatically deducted from paychecks [1] - Many employers offer matching contributions, providing an opportunity for additional retirement savings [2] Group 2: Pitfalls of 401(k) Plans - 401(k) plans typically do not allow investments in individual stocks, which may hinder the ability to achieve higher market returns [5] - High fees associated with mutual funds and target date funds can erode savings over time [8] - Target date funds may be overly conservative, potentially limiting growth in retirement accounts [6]

Investment Strategy - To accumulate wealth, calculated risks are necessary, such as diversifying investments to match both short-term and long-term objectives [1]

Investment Strategies - Diversification is a key strategy for managing multiple mutual funds [1] - Rebalancing portfolios helps maintain a desired asset allocation [1] - Avoiding overlap in fund holdings is important for efficient portfolio management [1] - Aligning investments with specific financial goals ensures a focused approach [1]