Wondering How You Can Start Investing After College, Here Are The Best Tips 

As a fresh graduate, most of you would like to get a job or start a new business. Of course, that’s already a given and there is nothing wrong with that. However, what we’ve noticed is that most people would not think about investing. They think they are still too young to do so. According to studies, less than 30% of the population start investing before the age of 25.  

That’s wrong. The earlier you start, the better. And there’s more chance that your money will grow. In this post, we will share with you how to invest. This is possible even right after you finish your degree.  

Here’s Why You Need To Save Early?  

Others think that they are too young to invest. That’s why they are waiting for the ‘right’ time where their salary is bigger. But by that time, you have lost so many opportunities. Let’s share a quick data with you.  

When you invest at the age of 22, you need $3600 per year to reach $1M. However, if you start at the age of 29, you need to shell out $6400 to reach the same amount. Get the picture? This means, you have to start now!  

Do You Need To Seek A Financial Advisor?  

You might think that it is necessary to find an advisor. While it’s always good to look for professional advice, most experts would say that young investors might not need it just yet. But being financial literate is mandatory. We highly encourage that you look for ways on how to properly manage your finance and not fully depend on advisors.   

The case is different if you are in serious debt and you need to seek solid solutions that will get you out of the situation. 

Learn How To Spread Out  

What’s good about being young is that you have a lot of time to bounce back and you can still take a lot of risks.  

Experts say that those who are just starting to invest must never follow the ‘herd mentality’. Be open to place your investments in things that are considered uncommon. Think about real estate or energy industries. You need to diversify your portfolio.  

Join Clubs  

If you are extremely scared to take the risk, you can always join clubs online where like-minded people talk about investments. That’s the beauty of technology. You can simply join, post a topic, and the community will be proactive to share their ideas with you. Most of the time, there are seasoned investors who are willing to share their techniques. Take note of these and use them as necessary.  

Stop Prioritizing Your Student Loan Debt  

Ok, this might seem like a piece of odd advice, and you might ask, ‘Isn’t it logical if we focus on our debt so we can be financially free soon?’ 

Thing is, you are missing the point. We don’t ask you to forget or neglect your loan. Of course, that is part of your responsibility. However, instead of magnifying what you need to pay, learn to find ways on how you can add multiple streams of income. In addition, work on saving for your retirement.  

You might think this is too soon, yet again, it’s one of the best tips here.  

Buy An Index Fund  

For those who want to get their feet wet, you can simply buy an index fund. This is a great way to learn about the trade and perfect for beginners.  

Take Advantage Of Investing Apps 

Yes, these things exist and as a young person wishing to be financially stable in the coming years, we highly recommend it. There are apps where you can start investing for only $5. Acorns is a good platform and you can link it to your credit or debit card. The best part – it’s easy to use.  

Here’s the deal. Even if you are still waiting to finish your degree, you can start investing already. Again, the earlier, the better. If you have a part-time job, make it a habit to save some and invest wherever logically possible. This habit will become natural for you and before you know it, you already have a huge sum under your account. Isn’t that amazing?

We understand that you might want to buy a new car or get that dreamy designer bag after your first decent salary. But hold that urge first and be financially-smart. Eventually, you can get these things once your investments grow.