Beginner’s Investment Tips According to Age

Beginner’s Investment Tips According to Age

Hearing the word investment, certainly not familiar to everybody ears, even now investment has started to become a lifestyle trend. Some people have started to realize and open his mind that managing his finances properly and correctly is very important thing done. The one thing they started to do was to invest.

What are the benefits of investment? The obvious investment can help finance when financial conditions deteriorate. Not only that, investment can also provide profits with the number of times in the future. This can make you achieve financial well-being where you can experience a better and happier life.

You have no investment yet? Do not worry, regardless of your age, remember to never be too late to start investing. However, not all ages are free to choose the desired investment product.

Each level of age has different needs and over time all the needs you want also change. For example, when you are 20 years old, there is absolutely no thought of having a home, but when the age has stepped on 35 years of desire just emerge. Therefore, you should be smart in choosing investment products that are appropriate to your current age.

1. Age 20-30 Years

Age classified as very young or practically still a college or fresh graduate. Although already working, the salary he gets will be used as much as they are for shopping, kulineran or traveling.

Here it means, the character of finance at a young age under 30 years tends to not be able to manage finances with enough stable. They think he does not have a burden of anything that burdens his finances, even if want to help the family finances are usually only reasonable without dipatokin nominal.

If you are already thinking about investing in this age, that means you are one step ahead and can be a very good prefix for future finances.

There is a good investment goal for the long term is at least 10 years.

Choose an investment product with risk that matches the character. Are you a conventional person aka fear losers or people who want to profit without worrying too much with the risk of losing money?
Percentage of money that can be spent for investment ranging from 50% -70% of income / salary earned.
The choice of suitable investment products is stocks, mutual funds, unit-link, gold, property, foreign exchange, bonds to deposit.
2. Age 30-40 Years
property
Properties suitable for ages 30-40 years

Can not be denied again there must have been a family or still single in this age, They can practically been able to manage finances pretty well. Because, in terms of age, they are able to think more mature and have some burdens that must be accounted for.

For example, for those who already married, there must be a monthly need to be met, mortgage, to school fees for children. Questioning investment, certainly becomes important because saving alone will not be enough to meet future needs and you should also start thinking about pension funds as well.

Tips:

Set investment goals clearly. For example, for children’s education or for marriage or for pension funds.
Investment can be chosen for medium term ie 5-10 years, or long term can also. All is re-adjusted to your investment objectives.

We recommend focusing on investment products that match the character. Are you a conventional person aka fear losers or people who want to profit without worrying too much with the risk of losing money?

Percentage of money that can be spent for investment ranging from 30% -50% of income / salary earned.
The choice of suitable investment products is stocks, mutual funds, unit-link, gold, property, foreign exchange, bonds to deposit.

3. Age above 50 years

Increasing age, generally make the expense bigger. Starting from the cost of college children, household needs, until the need to happy the grandchildren.

It’s good at this age, you are wise to manage money and have a more stable source of income to sustain the cost of your life and family. But if until at this age, you do not have any investment, it never hurts to try to invest in accordance with the ability and age of course.

Tips:

Set clear investment objectives, eg for Hajj / Umrah, pension funds 5-10 years ahead, or holidays in the old days, etc.

Investment can be for medium term, for example less than 5 years. All is re-adjusted to your investment objectives.

4. Age of 60 years or Retirement Age

If at this age you already have a pension fund and investment returns are sufficient for the cost of living and your lifestyle, Congratulations! However, if you still have a stable financial position, there is no need to be sad. Most importantly your condition is healthy. About investment, you still have a chance try to invest. It’s never too late, as long as you want to do it.

Tips:

Set clear investment objectives, eg for Hajj / Umrah, retirement funds 3-5 years ahead, or holidays in the old days, etc.
Better investment for the short-term. Suppose 2-3 years. All is re-adjusted to your investment objectives.

We recommend choosing a low risk investment product.
Percentage of money that can be spent on investment starting from 10% of revenue.
Choice of suitable investment product is gold, foreign currency, until deposit.

Simple Lifestyle and Investment

Who does not want to have a stable and prosperous financial condition? In order to desire you can feel, of course, must be willing to sacrifice first, for example by applying a simple lifestyle and learn to manage finances better.

Tips on Managing Money Payday:

Make sure to always create a financial budget each month. So, after the payday arrives, the money can be directly allocated in accordance with the budget already in the form of records.

Calculate monthly needs, bills, savings, emergency funds or investments appropriately. Do not let your salary can not be enough for a month.
If you are still tied up with debt, you should note the debt first on your budget. This is so that debts can be repaid immediately.

Prioritize the more important needs. Do not shop in accordance with the desire alone, it would be good consideration first to question whether important or not the goods. Remember, save better and prioritize the savings or investments that will benefit you in the future.

It could not hurt to consult the experts, the personal financial advisor. That way, the financial management will be arranged properly and of course the condition of the financial will also run smoothly.
Do not forget, the revision of the financial budget that has been made periodically, ie once a month or two months. Because, every month, there must be an unexpected need or spending money.

In today’s very vulnerable to fraud wrapped in investment with huge profits in the instant. Be netizens who are literate about investment information. Always double check the companies that offer investment products whether they have received official permission or the company is bulging.

Well, let me be more sure and no one choose an investment company, you can directly check to the Financial Services Authority (OJK) through the financial information service with the number 157. So, you can ask directly about finances including investment. Remember! There is no instant road rich in investment! Always look at investment products, learn and you should be consistent in making investments and be patient waiting to enjoy the results.

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