Monthly Archives: May 2016

Simple Ways to Start Investing in Your 20s

It is usually the start of the year that people think of resolutions that they would like to commit to for the rest of the year. It is not really surprising that financial resolutions are among the top priorities in people’s lists. Recently, a lot of financial experts have been putting emphasis on the importance of saving money for your future while you are in your 20s. A great way to save while you are in your 20s, according to said experts, is to look for investment opportunities. Indeed, the investment market is a very competitive and open way to try to earn money that you can save for your future.

This goes without saying that the best financial strategy is not really to keep all your savings in the bank where it will more likely decrease in value with inflation rate but to make some, if not all, of those savings earn by investing. If you are in your 20s, you might have a lot of hesitations regarding investing. Nonetheless, here are some reasons you should consider:

First, if you are going to make a mistake, make them while you are young.

It is true that investment is a risk. No financial expert will tell you that investing your money is an assurance that you will earn big at any given time. That is why your investment must be coupled with research and understanding. Despite knowledge, however, it is still possible to lose money. But the good news is, you can regain your loss through another investment.

The point is, if you are going to lose, it is actually a good time to lose in your 20s. Being young, you have more opportunities to regain your losses and to learn from your mistakes, prompting you to become a better investor in your next venture. Take risks while you are young and you can earn bigger as you grow older.

Second, invest now, enjoy later.

According to investment experts, people in their 20s should have 80% to 100% of their portfolios invested in stocks for their retirement. One of the advantages of earning while you are young is that you can retire early and enjoy the fruits of your labors. Rather than spending all your retirement savings on medical or hospital bills due to health complications, most likely caused by stress from work, one can retire early with a hefty bank account and travel around the country or even around the world.

Third, you can make a career out of investing.

Another good thing about finding investment opportunities is that the right investment opportunities can actually be turned into successful careers. This is a job where one does not to stay eight hours a day in an office looking through stacks of reports and typing in the computer because investments can now be monitored online. You can actually monitor your investments while enjoying the beach and that is the best way to kill two birds in one stone.

There are probably a hundred more reasons to start investing but if you can have at least three, the reasons above are the most common that financial and investment experts always say.

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