When you’re in your 20s, you’re at the start of your life, and I know I’ve mentioned this a lot. That’s because I am in my twenties, but doing the right things in your 20s can set you up to coast in your 30s, 40s, and 50s. If you don’t set it up right, you’ll be paying for it in your 30s, 40s, and 50s, and you’ll always be looking back and regretting the decisions that you made in your 20s. So, if you’re in your twenties and you’re looking to invest, read along as I’ll give you some tips on what you should be looking for when investing in your 20s.
Navigating the World of ETFs
ETFs are a type of investment fund that is designed to track the performance of a certain index, commodity, or asset. This gives you the ability to gain a diverse portfolio without actually owning that particular stock.
You make money in this when the stocks that you have go up as a whole. The beauty behind it is that you can have a stock or fund that is doing poorly, but it won’t affect your bottom line as much since you would have other funds offsetting it.
The best thing about owning an ETF is that it has high liquidity, so you are able to sell or buy your shares throughout the trading day. This is very different from other investment options out there, which aren’t as high in liquidity.
The Power of Investing in Technology
One of the biggest attractions in the world is technology. So if I were in your shoes, I would definitely have a technology mindset when thinking about where I should invest my money. Technology is not going away and is only going to get more and more advanced.
Follow the trends that you see online, or even tech that is disrupting the industry, such as AI. When you are a younger person, you have more of an advantage in understanding technology quickly and being able to capitalize on that.
Exploring the World of Cryptocurrencies
Cryptocurrency was something that gained a lot of popularity when it was doing well. But now that it has receded, it’s not as popular anymore. What we can do to profit off of this is to treat it like the stock market.
Something else that is important is that Crypto is not going away. I believe that it is going to evolve and change into something more useful for the masses. So when you completely understand it, when that time comes, you will be able to be one of the first people in who makes the most money.
The Benefits of Investing in Education
Education is the same way as technology. It is something that is not going away. Once you gain a piece of education, it is going to stay with you for life. So while you are young, go ahead and try to learn all you can. Even if you think it’s not going to be beneficial in the moment, it will always come back.
The best investor is a smart investor. Someone who understands the ins and outs of the vehicle they are investing in. So make sure you learn from everyone and everything you can. That way, you can always go back and teach someone the same thing that you know.
Sustainable Investing
The last thing you want to do is to make sure that whatever you do is sustainable. I speak about this all the time in this blog: quick money comes and goes, but the best money is something that’s going to be sustainable for years to come.
Being sustainable doesn’t necessarily just mean that you’re able to go to work every day for the rest of your life; it can mean that whatever you’re investing in would be able to last your entire lifetime, or you’re not killing yourself working 23-hour days trying to make good money.
Sustainable can also mean investing in things that are “green” or good for the Earth. We only have one planet, and we need to do the best we can to take care of it. This means a lot of people are going to start investing a lot of money into businesses and corporations that do those things, and you should get a slice of the pie.
