the importance of investing at a young age

Sunday 27 March 2022

Investing when we are young is very necessary, because from here we can also develop our money management skills.

when we are young and not working we always want to have something, for example want to buy a smartphone, clothes, to have fun with friends or maybe spend their money on useless things, and to get all that maybe you have to work hard for collect money from the rest of your pocket money or savings, if it's just to buy basic necessities it's fine, but if it's for fun for unnecessary things it's not good.

knowledge for them to invest when they are young is actually very important, and most young people now have a lot of investment and that is very good for their future in finance of course.

You don't need big capital to start investing and you need to remember that all investments have risks, both small and big, we must really know that investing is not stupid, so you can choose some investments that are suitable for young people such as:

• gold investment

Gold is an easy investment for young people, you can buy jewelry with the funds you have and then save it.

the price of gold is very stable so you don't need to be afraid because the risk is also not too high and when the price of gold rises you can sell it for your needs or for further investment capital.

• mutual funds

Mutual funds are an alternative for investors who have small capital, of course this is very suitable for novice investors because it has a small risk as well.

The way it works is very simple, here the investment manager will collect funds from customers, then the total collected will be invested into a number of investments and then investors will receive reports of funds from the investment manager on a regular basis.

• Deposit

Deposits are also very worth trying for novice investors because they usually offer a fairly small capital and you can get around 7-8% of your capital.

You can also adjust the investment period from 1 month to 1 year, adjust the time period according to your financial needs.

• Coverage

This is a very important investment for young people, if you take out insurance, you don't have to worry about getting sick later and you will be covered by the cost of the insurance you have taken.

• Property

There are many examples of property investment with small capital, for example being a broker, so you don't need to own the property and you are just an intermediary from seller to buyer.

This is also worth considering, most importantly you get income from your hard work.

Thus some investment advice for young people or novice investors, the point is that before we start investing we must also do research first about the company that we will invest there.

always be careful in managing capital and income results are also very important for the continuity of our investment and get big profits. We also have to pay attention to the analysis so that it continues to grow in the areas we invest in.

if you don't invest, maybe you will always work to make money, so if you are already working and have capital, invest your money and let your money do the work for you.

thank you for reading hopefully useful for you.