Starting early to invest at your young age allows you to take more risks and have the advantage of a long term investment horizon. At an early age, we all can learn from our mistakes and cover those wrong decisions so, in future, they will not affect our long term financial goals. And one of the most excellent tools you will get if you start earlier, i.e. Compounding or interest earned on interest, is an excellent tool for investors.
As a young investor, you can have aggressive, risk-taking strategies, and you have enough time to learn a-z about the investment.
We have various investment plans and opportunities these days. A few are mentioned below:
- Mutual Funds
- Gold
- Stock Market
- Fixed Deposit
Mutual Funds
Mutual funds are managed by the professional’s fund manager who has expertise in allocating your money in the market and has excellent recond for managing different investment portfolios. Being a young investor mutual fund is good to start your journey. You can invest in equity funds as they offer excellent returns in the long term.
Gold
Gold is considered the best and safest investment in India. It is highly liquid, and whenever you need cash, you directly mortgage and get the money. Gold is a luxury good and an excellent investment to start.
- Investing in gold is easy and don’t require any technical knowledge.
- Gold is highly liquid.
- Safe for investing & provide diversification in your investment portfolio.
- High in Demand
Stock Market
The stock market considers very rewardingly. Once you gain the proper knowledge about it, you will succeed in the investment area. As an early investor putting money in stocks for a long-term horizon gives you a high return.
We suggest you have a background check before investing in the stock. Look for the P/E ratio, Balance sheet, Working of the company and much more.
Fixed Deposits
Fixed Deposit is one of the safest and risk-free areas of investment where fixed returns are guaranteed. It provides complete flexibility with regards to the period for which you are putting your money.
- Safe investment
- Return guaranteed
- You will get a fixed return after the maturity of FD.
- You Can withdraw fund whenever needed
