While not always the case, college students usually don’t have a lot of free time and money on their hands. These two factors are a major reason why college students aren’t known for their bold investment moves. And while college students have plenty of productive ways that every bit of attention might be used, students are at an age when it would be a great idea to start prudent investments. Many investment strategies take require years or decades to really take off. That’s because compound interest works faster the longer it has to grow – and most of that growth is tucked toward the right side of the timeline. But this is only one style of investing that is good for college students to learn about.
The other is an investment action so fast that it barely takes and time or attention at all. Binary options trading is available on platforms offered by Banc de Binary, and other trusted sources. Binary options trades may sound a little exotic, but the process couldn’t be any simpler. You’ll quickly see why it fits with the stereotypical college lifestyle.
Binary trading gives the investor her choice of many hundreds of stocks, currencies, commodities, and other financial entities. All the investor has to do is 1) pick an amount of time: a few seconds up a few weeks (depending on the platform), 2) pick a stock (or other option), and 3) decide whether she thinks the price is going to go up or down, over the amount of time selected. Once the investment has been locked in, she has only to wait till the end of the established time period, to see if things have gone in her favor. If the correct direction of value change was correctly anticipated, she’ll see dividends in proportion to the amount of change. If it went the other way, she’ll lose some or all of her initial investment.
This method rewards quick thinking and deep knowledge about the assets one chooses to invest in. On the other hand, traditional investment methods like IRAs are meant to grow steadily over decades, with minimal investor risk. All the investor has to do is select the right company to manage their IRA, which typically means the company chooses which mutual funds or ETFs to fill the IRA with. From there, all the investor has to do is maintain financial contributions, to keep adding fuel to the fire, up to an annual limit established by the government.
Where binary options are fast, but require meticulous attention, retirement investment is slow, and requires little daily maintenance. For students who have little free time in the day, the fast pace and low start costs of binary options will be appealing. For students with no free brainspace to learn a new investment skill, the easy patterns of the retirement account will be simple to add to the monthly routine, all while generating dividends which will pay off immensely as time goes on. Why not try both?