3 Investments for the 20-Something Set


If you’re 20-something and looking for the ideal investments to propel your future to success, you have a variety of options at your disposal. The world is your oyster, or so they say, so embrace it with all you can. Sure, there are many investment strategies you could utilize, such as real estate, but let’s focus on the ones that are most feasible and beneficial to you at this stage of your life:

  • Financial investments
  • Online business investments
  • College investments

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  1. Financial Investments. Why not invest in the stock or bond market as a strategy for saving for the long-term? Hire a qualified financial advisor or stock broker to guide you but don’t neglect your own research. Not only should you research the broker’s background before entrusting him or her with your information, you should also know the name of a securities fraud attorney just in case your broker mishandles your accounts. As a 20-something year old, you have the advantage of time on your side, and the earlier you start saving, the better off you will be. According to US News and World Report, saving $300 every month starting at age 25 at a rate of eight percent will net you $1 million when you retire at age 65. Waiting just 10 years later to do the same means you’ll only be looking at $440,000 by 65. Also, don’t forget to contribute the max amount to your company’s 401(k).
  2. Online Business Investments. Check out the many online brokers offering low-cost trades, advises gov, such as TD Ameritrade, Scottrade, TradeKing, ETrade and Merrill Edge. Did you know some 84 million people around the world invest in the U.S. equities markets, either directly or through pension plans and mutual funds? That’s according to the NASDAQ. Becoming savvy at online investing takes time and knowledge, but if you play your cards right, you can end up with a portfolio that’s completely custom fit to you.
  3. College Investments. Investing in yourself and your education is perhaps the best thing you can do to ensure solid future earnings. With a college degree comes many opportunities later on to earn money until you decide to retire. Your earning potential is, on average, higher than that of just a high school diploma. In fact, the U.S. Census Bureau says employees with a college degree made about twice what those without one made in 2009. The average worker between age 25 and 34 with a high school diploma was $27,511, yet the average wage of a person with a bachelor’s degree was $45,692. Looking at these numbers over a 40-year career, you’re left with $1.1 million as a high school graduate as opposed to nearly $2 million as a college graduate.Following are what degrees are typically worth over a lifetime:
  • Associate’s degree: $1.6 million
  • Bachelor’s degree: $2.3 million
  • Master’s degree: $2.9 million
  • Doctorate: $4.1 million
  • Professional: $5.1 million

Get on the path to success with these three investments as a young 20-something year old!

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