The best investments you can make in your 20s and 30s
If your goal is to get ahead in life and set yourself up for a comfortable retirement—not something you typically think about in your twenties and thirties—the key is to generate a passive income through investment. But what are the best investments you can make to grow your wealth? Try investing your money from your phone in the Australian Stock Exchange with Stake! Assets with potential for growth The stock market has been a rollercoaster due to the ongoing worldwide pandemic. Investing in stock continues to be a good choice, particularly since you have time on your side when you’re young. Take advantage of the price crashes to get in on some of the traditionally top performers. With any investment there is always a degree of risk, so be sure to only use money you can afford to lose. Growth assets provide higher returns. They may be at higher risk, but the rewards are also higher. Raiz and Spaceship Voyager are both great micro investing apps for young and beginner investors. One reason many people avoid investing in shares is because they do not know which shares are best to buy to suit their financial goals. Both apps allow you to dip your toes into the share market with as little of investments of $5, as opposed to a $500 minimum spend on CommSec. You select one portfolio to invest in. Each are designed by experienced brokers to give you the best chance of accumulating extra money. Each portfolio gives you exposure to a range… Read More