Want to be Rich When Young, Here are Investment Tips for Millennials
Investment Tips for Millennials – There are several assumptions that are commonly attached to millennials. One of them, a high lifestyle but a thin wallet.
Is it true? Only you can determine whether the assumption is true or not. However, if you want to be rich at a young age, investment can be one of the answers.
You can also break the assumption that millennials often ignore the future. Here are the tips:
How Millennials Make Money
1. Dare to invest a little at risk? Try mutual funds
One of the easiest and cheapest ways to invest in mutual funds. Yes, you can start investing in the smallest amount.
However, you must be careful and observant in choosing an investment “manager” who will manage your money. Mutual funds actually play stocks, but you don’t “play” yourself. Yes, your money will be combined with other mutual fund investors.
Don’t panic if the stock price suddenly weakens. The rise and fall of stock prices is a natural thing in exchange trading.
Before choosing this investment you can consider the character, financial condition, and financial health of the company. If you have chosen a company to invest your money, don’t forget to evaluate the investment, at least once every four months.
2. P2P lending investment
Peer-to-peer (P2P) lending investments include investments that are suitable for millennials. The core of this investment is the process of lending and borrowing online.
Borrowers can apply for unsecured loans online with low interest. While investors can provide funding for each borrower according to their respective loan objectives. Both parties were facilitated by a third party.
There are now many institutions offering this type of investment.
This investment can also start from money that is not too large.
3. Property investment
The property business is considered as a place to plant coffers that do not make a loss. But, unfortunately, the funds needed are also large.
Maybe you think this investment is far from reach, but if you are consistent, you can also start here.
You can get cheap property in locations far from the city. Property in the city tends to be expensive so it requires large funds.
Even though far away, be sure your property value will continue to rise. If the time comes, you can sell it at a high price.
4. Gold investment
Gold investment is one that is in great demand by the public because it is safer and more certain. Gold is also the oldest and most effective measure of capital and dimension of wealth.
Prices tend to be stable, making gold one of the investments that you should consider. You can start by buying gold in small amounts of grams. The important thing is that you consistently set aside some of your salaries to buy gold.
Tip: If you want to invest in gold in the form of jewelry, buy a simple form. Because complicated jewelry is usually more expensive. Yes, the store charges the cost of making the jewelry to the buyer.
So, have you decided to choose what kind of investment?