Where to invest up to 30 years?

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So, you have already changed your third decade, started earning money and building a career. As a smart person, you started thinking about where to invest the extra money and create a safety cushion for yourself. Let’s figure out how to invest so as not to lose.

Bank deposit

All investors recommend saving 10-30% of the income. If you received a salary of 20 thousand – put aside 2-6 thousand of them and forget the deposit should be replenished every month and ideally with compound interest. Choose a reliable bank, and it is better to make deposits in several banks at once.

You won’t earn much in this way, but this money will be your safety cushion. An important point is that the interest rate should not be less than % of inflation in the country, otherwise the whole idea does not make sense

Securities

Perhaps the best investment option. Somehow put your bonus into the broker’s account. Just choose a normal broker, with a license and a proven reputation. Buy “blue chips” and forget about them until you turn 30. The main thing then is to remember your password.

Be sure to test it. Invest a small amount, which will not be a pity to lose, for a couple of years and see the result. If you liked it, try with large amounts.

Currency

If you want to make money on constant currency exchange rate hikes, then it will be difficult to call it an investment. Rather, work: follow the dynamics of the exchange rate, read the news, understand economic processes. Trading is a nervous job, and in order to make good money, you will need to invest a lot.

Those who do not like speculation can simply buy currency and wait.

Work

20+ are the most productive years of life. During this time, there should be a lot of strong works in your portfolio, a couple of weighty lines in your resume and professionalism in the chosen direction. Ideally, after school or in the first years of university, you need to understand what you want to do and convert time at work into knowledge and skills that are important for the market. Unfortunately, not everyone succeeds, but here the 10,000-hour rule will come to the rescue – according to Malcolm Gladwell, anyone can become a professional in the chosen business if they spend 10,000 hours on it.

At the age of 30, it is dangerous to be an office manager or a novice designer: You can easily be replaced by a younger and faster candidate. Invest time in the work: and then it will work for you.

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