Start Investing Now

It is never too early to get into investing your savings or just a fraction of your income. You'll thank me later!

In My Experience..

As a college student, it is hard to give up money when you are unsure where it is going- trust me, I'm with you. However, even just the smallest amount like 10% of your income will make a return in the long run. Many individuals do not realize the importance of starting investing until it is too late, and they have no money set aside for retirement. This is something we can combat as college students by doing something as simple as diversifying your portfolio, keeping certain investments long term (despite market trends), and staying consistent. The longer your money is kept in certain portfolios, the more time it has to appreciate, which will bring you greater returns over the years. Consequently, early investing in portfolios that you can afford to keep for long periods of time constitutes the ability to invest in riskier portfolios that bring higher returns: one being cryptocurrency.

What is diversification?

It is probably similar to what you may think: a collection of different investments to reduce your risk profile as an investor. One way to do this may be to invest in several low risk and a few high risk stocks, some cryptocurrency, and possibly some bonds on top of that. This will guarantee steady growth with a few investments to lean back on if any do not perform as you may have expected. Lastly, an easy way to stay consistent with these investments if you have a hard time letting go of money from your checking account is to set up your bank to withdraw a certain percentage of your income a couple times a month. This way you will have a sufficient amount of money to invest, and earn returns as you move throughout your life of becoming financially independent.

Seabury, C. (2022, January 21). Young investors: What are you waiting for? Investopedia. Retrieved January 25, 2022, from https://www.investopedia.com/articles/younginvestors/09/college_finance.asp