A lot of twenty year olds are earning quite a lot of money. Unfortunately, they often have no idea what to do with the profits they make.
This could come from their main business or it could be from side hustles and self-owned business ventures.
The money ends up being spent on things that provide short term value or entertainment but nothing long-lasting.
That’s why you should definitely be exploring investment opportunities. You might think that in your twenties your options for investments are limited.
Particularly, if you don’t have a massive level of savings. However, we’re about to show you that you’re completely mistaken.
Here are some of the investment options that you can dive into right now.
The Stock Market
You probably think that you need to be an expert on different companies and the economy to benefit on the stock market and from trading shares.
Again, we’re happy to say that this just isn’t the case. Anyone can earn a lot of money from the stock market.
It just depends on whether you are willing to put the effort in and whether you are approaching this from the right direction.
First, you don’t have to navigate the stock market by yourself and this isn’t really advised. Instead, you can opt for a stock broker.
They will help ensure that you stay on the right track with your investments and that they suit your individual financial situation.
You do need to make sure that the level of risk remains firmly under control.
Brokers will also help you understand when it’s time to buy and sell which can be crucial if you want to make a lot of money.
You are never going to do everything about the stock market without a college degree.
But you can make the right choices with some independent research and a little investigation into the companies that you are interested in.
If you don’t have a lot in your savings account, then you can also think about penny stocks.
Penny stocks are great because they are available at prices that really anyone can get involved. It doesn’t matter how much you have in your accounts.
They are a low risk which means that you don’t have to panic about losing a lot of money either.
However, if you’re lucky, one of them could go through the roof. This is rare, but it’s not unheard of.
If you’re looking for another investment opportunity that is perfect for twenty-something year olds on a limited income, then it’s definitely recommended that you research the forex market.
Forex is for the most part, easy to access and the best part is that you can get a foothold here without much money in your account at all.
You can invest as much or as little as you like, depending on your financial profile.
There are a few different choices here. For instance, you might need help to pick a platform that you want to invest on.
The good news is that the platforms are very easy to use and in no time at all, you’ll be trading like a pro.
Something to be aware of with forex is that you’re trading currencies. So, you need to have a firm grip on how currencies change and what is likely to impact them.
There are various different variables that cause currencies to rise and fall. By understanding these and predicting patterns, you can easily win big on this market.
Alternatively, you might want to think about investing in property.
As soon as you hit twenty and start earning some money, it seems as though everyone is pushing for you to jump onto the property market.
The good news is that the property market is more accessible than you think.
For instance, you can access government support schemes with some providing you double what you save.
You do have to pay this back when it’s time to sell, but once you get your hands on a property this becomes a lot easier.
Many people think that now is going to be the perfect time to buy property for two reasons.
First, interest rates are low and second, the value of homes are going to go straight through the floor.
While this might be the case, there’s also probably going to be less opportunities for investments on the market.
So, 2021 could be your best option, unless you find the perfect home to buy and then flip it.
If you are going to invest in property, house flipping is definitely the best way forward. To flip houses, you need to look for the perfect fixer-upper.
It should have aesthetic issues but nothing that is going to be ridiculously expensive to fix.
There are lots of homes on the market like this but you need to make sure that you are checking for anything from wiring issues to shot pipes.
These are going to be expensive to repair. The idea is to fix the home up fast and sell it on for a quick profit.
If you’re good at this, you can make a fortune and a lot of people do start in their early years.
However, it is a risky venture and not everyone gets lucky here. Investments are always, on some level, going to be a game of luck, and the property is no different.
Finally, whether you have savings or not, it could be worth looking at the world of cryptocurrency.
Many consider this to be the future of currency and while it’s a little late to make millions from this investment, it’s not so late that you can’t still make money.
Particularly, if you have plenty of cash doing nothing.
A few thousand will buy you one bitcoin and it’s rising so quickly in value that this could easily be double the value in five years.
So, if you want passive investment crypto could be the way forward.
We hope this helps you understand some of the greatest investment possibilities you can consider right now.