If you speak to any seasoned investor, they’ll give you the same words of advice. The earlier you get started, the better. Invest while you’re young, and you have the potential to make better returns.
The problem is, there are so many things that you can invest in. Which ones are ideal for young people? In this article, I’ve listed three things you must invest in before you’re thirty:
When you reach your mid-twenties, you start to think about settling down. You want a place of your own and are sick of living with your parents. You’ve had a full-time job for a few years, and have saved a lot of money. In this scenario, most people in their twenties will rent a property. They think it’s more convenient and less expensive. However, this time in your life is the perfect time to invest in real estate. Use your savings to put a downpayment on a mortgage, and buy yourself a house. Now, you’ve got yourself a long-term investment. Houses are great to invest in, as their value increases over the years. It’s rare t see a property sell for less than what you bought it for. if you sell in a few years time. A great investment to make before you’re thirty, it’s low-risk, and you can get a huge return.
Forex is one of the easiest and best things to invest in while you’re young. There are so many different ways you can get started in this area of investment. For those that don’t know, it refers to buying and selling currency pairs. It’s a method of trading that revolves around the foreign exchange market, hence the name Forex. You can make a lot of money here, in different ways. Many people earn fortunes buying and selling currency pairs every day. This can be risky, as you must invest in pairs that fluctuate in price throughout the day. For newbies, I suggest playing the long haul game. Invest in pairs that will change over time. Then, you pick the right time to sell for a profit. There are plenty of companies like FP Markets that provide online trading. The benefit of this is that you can trade whenever you want, wherever you are. It’s ideal for a busy person in their mid-twenties that wants to invest their money in their own time.
Stock Market Shares
Personally, I think everyone should invest in stock market shares as early as possible. It represents one of the easiest ways to invest your money. The key is finding a company without volatile shares. This means the share price isn’t up and down at all times. Invest in shares that are stable, and have been for a while. Now, you sit back and watch your investment grow.
The earlier you invest in these things, the better. If you invest while you’re young, you give your investments more time to grow. If you can invest in something while you’re twenty, why wait until you’re thirty? That’s ten whole years your investment could be increasing in value!