Over 50% of young investors express regret from the previous year.

Over the past year, many young investors wish they had made different investment decisions.

A recent study from MagnifyMoney found that 57% of Gen Z investors and 50% of millennials regret their investments in the past 12 months, which is higher than the percentage of Gen X and baby boomer investors who feel the same way. The survey was conducted online with 1,295 U.S. consumers from Feb. 15 to 21.

Younger investors commonly regret not investing more money, with 23% of millennials and 15% of Gen Zers wishing they'd saved more, according to a survey. Additionally, some investors expressed regret over specific investment decisions they made, such as buying and selling certain assets.

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Older investors were more likely to say their primary investing goal is to save for a comfortable retirement, while younger investors said their primary investing goal is to get rich.

According to MagnifyMoney's executive editor, Ismat Mangla, if individuals believe they can become wealthy through investing, they may later regret not investing earlier or more.

Different goals yield opposite investing styles

Younger investors tend to be more aggressive in their investment strategies due to different goals, according to a survey. While this may allow them to build savings and recoup losses over time, it can also lead to riskier choices that they may later regret, said Mangla.

The study found that the third-most-common regret among Gen Z investors was investing too heavily in cryptocurrency.

Those near retirement are in a different stage of investing. They aim to safeguard their portfolios during market fluctuations to secure enough income and savings for their retirement.

Older investors tend to prefer mutual funds and annuities, while younger investors are more inclined towards cryptocurrencies.

How to avoid regret

It is advised by experts to begin investing as early as possible and develop a plan to ensure your money grows over time in order to minimize investment regret.

Shelly-Ann Eweka, senior director of financial planning strategy at TIAA, stated that starting as soon as possible will result in greater benefits from compounding, which is the interest earned on invested money.

Eweka advises against delaying investment to focus on other financial objectives.

It's crucial to manage all of your financial goals simultaneously, she emphasized, stating that postponing investment would mean losing out on years of compounding growth. Hence, working with someone is essential.

Seeking the assistance of a financial expert can simplify the process, as stated by Eweka.

Mangla concurs. "Having a financial advisor can provide value, especially for younger investors seeking advice beyond just asset management," she stated.

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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.