Being in your 20s or 30s means you have a lot to explore and do. Now a lot of things might be on your mind like travelling, a new car, a good career but have you thought about investing yet? Or are you thinking of investing but don’t know where to start? Then you have stumbled upon the perfect place! We’ll help you with where to invest money and how to invest money!
Some of the most important factors while managing your money are:
- Financial Metrics
Understanding the core principles of finance can lead to substantial returns, making it essential to grasp these basic concepts. Unfortunately, millennials and GenZ often find themselves struggling to accumulate wealth, blaming their lack of financial knowledge. Let’s take a moment and face reality – we’ve all taken the YOLO phenomenon a bit too far. Don’t get me wrong, the idea of “You Only Live Once” is something we can all get behind, but let’s not forget that every day we breathe is a chance to truly live, and death only comes knocking once. As the legendary Dwight Schrute once put it, “You Only Live Once? False. You Live Everyday. You Only Die Once.” So,let’s make every single day count! For a bright and comfortable future we need good returns on our investments. To help you gain better returns on investments we have some great options for you to invest in!
Let’s keep it real – stocks are more on the adventure side than government debts and regular cash. However, it’s completely safe to assert that stocks will undoubtedly bolster your finances in the long haul. If you fancy playing it safe with stocks, then dividend stocks are a perfect match for you. Why do you ask? Well, with dividend stocks, you’ll receive returns on specific intervals, which significantly reduces the possibility of loss. On the flip side, high-growth stocks are fickle and require constant monitoring. Hence, if you’re a new investor, diving into the world of dividend stocks is an excellent starting point.
Some applications you can download in order to invest in stocks are Groww, 5paisa, ICICI Direct, Upstox Pro Trading, Zerodha Kite, Paytm Money are few of the most used investing apps. The average rate of return on dividend stocks are 2% – 5% depending on the market conditions.
- SYSTEMATIC INVESTMENT PLAN (SIP)
Investing can be a daunting task but worry not, for a Systematic Investment Plan (SIP) can help you sail through. It’s a reliability booster and risk buster! Unlike traditional methods, with a SIP in place, all you have to do is set aside a predetermined amount at fixed intervals of time. The cherry on top is that SIPs guarantee your investment’s safety net – it’s a win-win! So, the next time you think of Mutual Funds, think no further and opt for SIP. With SIP in hand, goodbye to timing the market- phew!
Stocks of Tata Consultancy Services Ltd, Reliance Industries Ltd, HDFC Bank Ltd, Infosys Ltd, Oil & Natural Gas Corporation Ltd, and many more are few of the stocks available for Systematic Investment Plan. The average rate of return on SIP is 11% – 16%. SIPs also offer guaranteed returns.
Many important people agree that a Systematic Investment Plan is a good idea. It’s easy to understand, safe, and smart to invest in.
- REAL ESTATE
Lastly, real estate is one of the best places a person in their mid 20s and 30s can invest in. There are a bunch of benefits of investing in real estate at a younger age. Some of the benefits are:
• The risk in residential real estate is extremely stable post covid. And the ROI i.e. Return on Investment is medium-high.
• RRE i.e. Residential Real Estate gives higher yields and it is also a stable asset class.
• Converting the property that you buy into a coliving space will help you gain better returns over-time.
• Your CIBIL score is higher when you are young i.e. when you are in your 20s or 30s. This makes buying a property comparatively easy.
The above mentioned advantages highlighted the perks of purchasing real estate. If you’re yearning for boosted returns and a greater ROI, we cordially invite you to transform your property into a vibrant coliving space that’ll reap you ample earnings in the long haul.
Transforming your property into a lively coliving hub has never been easier! Check out the website https://www.getsethome.com/xtra-income-home-for-investment and witness the magic unfold as you generate a steady stream of revenue. This platform offers hassle-free management of your abode, allowing you to sit back and reap the benefits.
In essence, as a young adult in your 20s or 30s, you have three lucrative investment avenues to explore – the stock market, SIPs, and the world of Real Estate.