High-risk investing is better for the young? Why?
I have heard statements such as the question's time. Basically, it's a financial motto: "If you're young, take on more risk." I don't really understand it. I figured risk-tasking is a personal/personality kind of thing -- not necessarily a young vs. old/older kind of thing. What is the importance or benefit of the assumption that high-risk is preferable for younger people/investors instead of older people? Me? I personally believe risk is more rewarding potentially, so it's worth it (yes, I am young). I throw around $500 a week in to stocks, gold, and other small projects (I have a high-risk portfolio of around $20,000.00 so far). I plan to be a hedge funds manager or the like. Would my high-risk investment choices, aside from the main question, have any bearing on the road I want to go down and test (managing mutual/hedge funds)?