Best Things To Invest During College

We all know that college life is already a handful as you must juggle multiple things all at the same time. You have to work on your studies, balance your social responsibilities and plan for your career goals. People might argue that investing should be done after college when you are already working. But the truth of the matter is, age is not a deciding factor for investing. It is the exact opposite of what people think. The sooner you invest, the bigger the chance you will have a better return, and you, in college, are in the best position to start. Here are the best things you can invest in while in college.

Get Into Pooled Investments

What are pooled investments? These are funds that are “pooled” together and invested in different companies. This is usually managed by an investment professional. The reason why it is good for college students is because you don’t need that big of an amount to start an investment. While in college, it is understandable that you only have a handful of money coming from very minimal sources. What you can do is set aside a portion of your allowance, and then you can regularly add this to your investment. You’ll be surprised with the potential earnings you will have in a few years time. Mutual fund is an example of a pooled investment.

Get into Bonds

Bonds are an investment wherein the bond issuer pays the bondholder a specified amount of money for a fixed maturity plan. This is considered the safest investment as you have a guaranteed return compared to other investments wherein the returns are volatile. Banks usually offer these bonds, and you can check with your preferred banks their list of bond investments.

Get An Insurance

People might think that insurance is only for people with dependents. What they don’t realize is that everyone, even college students, has risks and are prone to life uncertainties. Aside from death, there is also a risk of getting sick, getting involved in an accident, being hospitalized or being disabled. 

Now, the way insurance policies are designed is that it would give you a guaranteed amount in the event that any of this life uncertainty hits you. 

Having insurance would assure you that your savings would remain intact, whatever happens. It is best to get it while in college because the younger you get insurance, the cheaper the premium would be. There are also insurance plans with an investment proponent that allows you to earn money while being protected at the same time.

Start A Small Business

With the boom of online businesses today, it is a great investment even for a college student. For starters, you don’t need to have a big capital as you don’t need a physical store to create a startup. Also, your marketing can be done at almost no cost as you can promote your business using your social media accounts. What you should have is an understanding of what people need and the ability to maximize the internet to your advantage.

Invest In Vocational Courses

As a college student, a good investment does not always have to be about how you can earn money. It can also be improving your skillset. Invest by enrolling yourself in vocational courses that will allow you to learn and do new things. It also helps in building self-confidence, which you can use later on in your career. By investing in yourself, you will be able to acquire more knowledge and be better equipped in life , which are key factors in helping you find a high paying job.

Do not be scared of making an investment. Always remember that returns in an investment are time-bound. The younger you can start, the longer the time your investment has a chance to grow. Also, when you make an investment at a younger age, your money has a longer time to recover at times of losses. A good investor always sees an opportunity, and knows that doesn’t always knock twice on your door. Don’t let your money go to waste and start doing an investment today. 

Meanwhile, it’s always good to talk to experts and to join online groups so you can have an idea where to invest. Most of the time, these members from different communities are willing to help newbies like you.