8 Types of Investment for Young People

Hello! Today's young people say, "You only live once, or YOLO." You only live once. For that, you need to live and prepare well. One of them is by investing in young people to ensure their future so that they can achieve their goals.

The demands of the future with today's modern lifestyle indeed make young people better manage their finances. Investment can be an option to prepare funds for the future. Especially now that investment can be reached easily. only as far as unlocking your smartphone.

There are many applications that can help you invest as well as learn what type of investment suits you. Want to know what types of investments are suitable for young people like you? Don't miss the following:

8 Types of Investment for Young People

There are various types of investment. But not all are suitable for young people. Therefore, there are several types that can be adapted to young people and the amount of income so that investment becomes something that is fun and profitable in the future without burdening you in the present. Below are the types of youth investment that you can choose:

1. Young Gold Investing

This type of investment has been made since ancient times by parents, even grandparents. In the past, the choice fell on gold in the form of jewelry. Currently, you can also invest in gold bullion and digital gold.

Why invest in gold? The reason is that the rising value tends to be stable every year and is resistant to worsening economic fluctuations. The risk for those of you who invest is quite low.

2. Young People's Investment

Shares in the form of letters or documents showing ownership of a company are also suitable for young people. The profit from this stock investment is obtained from the company's good operational performance. The calculation of the profit you get is calculated based on the number of shares purchased, where the unit is 1 lot = 100 shares. For this reason, it is necessary to be careful when investing in stocks.

This has made young people doubt it. But now, investing in stocks feels easier, including for young people. This is because more and more applications and analyses can be accessed from the internet to help invest in stocks. The capital required to start investing in stocks is also relatively small. You can start buying shares even with a starting price of IDR 100,000.

3. Investments for Young People in Mutual Funds

If you are still unsure about investing in stocks, there are also other instruments, namely mutual funds. For this mutual fund, there is an investment manager who will help allocate capital to investment assets. You, as an investor, do not need to regularly monitor the development of its value. The purchase selection will also be regulated by the investment manager. Therefore, you need to keep track of investment managers and choose a professional one.

Similar to stock investing, investing in mutual funds can also be started with a minimal capital requirement of IDR 100,000. You can also access mutual funds through applications, even in your favorite marketplace.

4. Youth Deposit Investment

Another option that you can choose as an investment for young people is deposits. This is a type of investment that can be made in all banks in the country with lower returns than other types. However, this investment is suitable for those of you who want to save in the long term.

You can also choose your investment period. starting from a month, 3 months, 6 months, up to 24 months depending on what is offered by the bank. However, for this deposit investment, you are not allowed to withdraw the funds that have been invested before the maturity date.

5. Purchase bonds

There are also bonds that are in great demand by young people and are indeed suitable as investments for young people. This type of investment works by providing loan funds to bondholders, namely the government. Therefore, bonds are often referred to as debt securities. There are several types of government bonds, namely Retail State Bonds (ORI), Retail Sukuk, Savings Sukuk, and Retail Saving Bonds (SBR).

This investment has a higher profit than bank deposit interest, and the taxes that must be paid are also relatively small. Funds from bond investments can be disbursed at any time, depending on the type.

6. Investment for Youth: Foreign Exchange

Well, this investment is sometimes less glamorous. In fact, foreign exchange or foreign currency investment should be called "youth investment." Foreign exchange, or foreign exchange, is a type of investment that involves the exchange of currencies. The three most popular currencies used as investments in foreign exchange are the dollar, the euro, and the pound sterling.

The concept is easy to understand. You simply buy forex when the price goes down and sell it back when the price goes up. Your profit comes from the difference between the purchase price and the selling price. The problem that must be faced when investing in foreign exchange is the economic, political, and social conditions of a country.

7. Investing in Cryptocurrency for Young People

If you call youth investing, cryptocurrency investing is not to be missed. Many young people are now interested in this investment. One of them that is currently on the rise is SQUID, a cryptocurrency inspired by the popular Korean drama Squid Game.

Cryptocurrency itself is a digital currency whose transactions are carried out online, via the internet network. Unlike traditional currencies in general, which are still printed by central banks, cryptocurrencies are referred to as digital currencies that are not printed by third parties.

8. Investing in Youth Insurance

This investment is one of the most frequently encountered and offered. Sometimes the offer is even avoided. Even though this investment is needed by young people, Indeed, the benefits are not only in the form of money but also in the form of protection. It all depends on the insurance product you buy. There is life insurance, education insurance, and goods insurance.

Insurance investment in youth is also quite beneficial. Apart from the protection benefits, the premium costs are still relatively cheap when compared to premium costs in their 40s, 50s, or 60s.