In general, investors will think about the instrument. Do you want to invest in stocks, mutual funds, bonds? However, it needs to be underlined that other aspects are also very important to consider when choosing an investment instrument, such as the age factor.
Invest according to your age. That way, you can choose the right investment product. If you invest according to age in the right instrument, then the profit will be maximal. Of course, this is accompanied by a period of time and proper risk management.
Productive-age-Group
Productive-age-group, the age of 15-64 years. However, there are also those who argue that the productive age is in the range 15-35 years.
At that age you can say again that his enthusiasm for work, active, energetic, seeking experience, creative and innovative, starting a career. And people who fall into this age group really like challenges, dare to take risks.
Therefore, you should choose high-risk investments with high returns, and diversify your investments.
• High-profit, high-risk investment
While still young, still working, and have an income, just dive into the investment known as high risk, high return. The risks are high, but the benefits are also great.
Examples of investments that enter high risk, high return are investing in stocks, forex, or commodities. The return on investing in these products can be up to tens of percent, but the risks are also not kidding.
You can start investing with a small nominal first, even though you have large funds. Starting from tens of millions of dollars, if it seems that it is moving upward, add more capital.
In addition, learn further about the investment product of your choice, including managing the risk. Learn from the internet or absorb knowledge from the experts directly.
- Diversify investment portfolios
Although high-risk investments promise lucrative returns, it is strongly discouraged to focus on just one type of investment product. Diversify to minimize or compensate for losses.
Investment diversification can choose safer products, such as gold, property, money market, or government bonds.
If everything is okay, the main investment and diversification will make you more profitable. But if one of them collapses, for example in stock investing, then you can still protect or save assets from diversification.
• Choose long-term investments
Do not waste your youth only on short-term investments. Invest in a long term of more than 5 years. Calculate for your future savings, such as getting married, buying a house, postgraduate education fees, and retirement funds.
Especially if you are single now, your salary or income is quite large, why would you spend money on spree? Better to invest long term. You can retire early, while lying down, money flows into your pocket.
Read now: Why is Investment Diversification so Important?