Since investing is quite extraneous for millennials, especially in Indonesia, the number of young adults who start their first investment these days doesn’t rise significantly. Maybe you’re one in million young adults who not sure yet when to start investing. Or maybe you’re planning to try investing when your financial condition became stable first? Whereas, many investment platforms allow people to start investing even in a low budget. So, here are the reasons why twenty-something is the best age to start investing.
Time
When you start investing in your twenties, you’re able to gain more in the future. The longer you invest, the better. For instance, when you start investing Rp1.000.000 per month at your 20s and consistently invest in something, at your 60s you’ll gain over Rp504.000.000 (5% interest rate estimation). But when you start investing in your 30s with the same amount of investment, you’ll gain Rp378.000.000 or it would be Rp252.000.000 if you start investing in your 40s. See? The earlier you start to invest, the wealthier it can generate.
Tech Savvy
Today’s generation is a tech-savvy one. Sure you can learn something like how to invest online. You can also do the investment transaction online, monitoring your growth investment, and also getting a lot of information about the investment itself. With these kinds of advantages, you can probably make it easy to invest in your 20s. The more you can go online, the easier it takes to invest as a beginner.
Take More Risks
Did you know that the age of an investor can influence the amount of risk of the investment they can deal with? The younger investor with the years of earning ahead of them can invest with higher risk. Young people tend to get more chances to earn more because of their longer life expectancy than the olds. So that’s why the younger you are when you start the investment, the better.
Today we can invest anywhere and anytime since everything is going mobile. Investment has never been so easy these days. There is a lot of investment platforms that offer you an easy way to invest. For example, CROWDE, is a mobile crowdfunding platform that allows users to invest as little as $1 in thousands of farms across Indonesia. CROWDE’s app aims to change that by making it easier for people to invest in Indonesian farmers — whether producers of beef, poultry, fish, rice or chili — and share in the profits.
Now, you can invest not only limited in stock, banking or sort of but also in the agriculture sector. Be prepared for your future by investing early, you have no time to waste by just working on your 20s. But the question is, what is the most suitable platform for young and beginner investors to put their money on?
