Answer:
Investing while being young and investing at a late age of life should not be carried out in the same way. The main difference relies on the income we might receive while investing: young investors usually have a job from where they get an income that could cover their monthly basic nest; on the other hand, elder investors normally rely on a monthly income out of a retirement plan which usually barely covers a monthly basic nest. In that sense, young investors could handle more risky strategies than elder investors.