Michigan Ross Professor Offers Financial Advice for New College Graduates
Writing for InvestorPlace, Paolo Pasquariello identifies some “money moves for recent grads.”
Financial planning might not be the first thing on the mind of a new college graduate who’s learning a new job and finding an apartment in the midst of a pandemic. But there are some smart things recent grads can do that will pay off later, according to Michigan Ross Professor Paolo Pasquariello.
In a new essay for InvestorPlace, Pasquariello discusses how young people can start planning for their future financial security now. He stresses the importance of paying off debt, diversifying a portfolio, and not relying entirely on stocks.
He also recommends keeping a certain amount of cash available. “The coronavirus pandemic will hopefully teach many lessons to modern society. Among the most important ones is the need for risk management. It sounds like a complicated thing to do, yet the idea is pretty simple: you should always be prepared for the worst-case scenario,” he writes.
Paolo Pasquariello is a professor of finance at the University of Michigan Ross School of Business.
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