College can be a tricky time for investing.
On one hand, you’ve got the energy from your youth to pursue an interesting proposition. On the other is a combination of financial stress and lack of time due to your studies. Quick wins create a high like none other (just look at those on /r/WallStreetBets). There’s nothing wrong with making mistakes when you’re young because you have many years to learn and make new moves.
Now’s the time to think of your career path, retirement, and how to use the limited capital for your long-term prospects and portfolio building.
You’d be kicking yourself not to make the investments in your 20’s. By the time you hit 30’s+ you’re starting to settle – you’re running low on energy – you have greater responsibilities. Plus, you could have been earning throughout those years.
Cryptocurrency – You’ve heard of Bitcoin. It’s here to stay. The annual Bitcoin returns are at 800%, which place them higher than the powerhouse that is Facebook and even Google. If you were there on the ground floor you would be in a very comfortable spot. It’s not too late. Bitcoin and other cryptocurrencies will continue to grow in popularity especially with emerging blockchain developments in major E-commerce sectors. Consider getting in using the Genesis Mining client. A small investment now will show serious promise in the many years to come.
Loan Forgiveness – This one is difficult. You could take the money you plan to repay student loans and invest them into stock and funds which will show a stable return. Though you’re left with this burden. A great investment would be to nip it in the bud – find student loan forgiveness programs (based on your state) and weigh the options. Eliminate the debt to avoid high-interest rates which are better spent in your investment portfolio.
Real Estate – How much are you paying to live off campus? A lot. Established schools will continue to operate well past your lifetime. Real estate will rise as individuals find themselves in the college environment. What if you were to own one of these properties within the area? A bit of real estate know-how, good credit, and down-payment could land you an income property with high turnover and increasing rates.
Health – What good are your investments and returns if you’re not able to enjoy them due to deteriorating health? You’re at the prime of your youth while in college. It’s when habits form with ease. Get yourself a gym membership, use the on-campus options, or start a routine you’ve found online. Rid those vices. Pay a little extra for insurance so you can do regular checkups. An investment in your health is done through sweat equity – this may not be possible down the road when your body is failing due to abuse, weight, and lack of coverage.
Education via Micro-Investing – Look, you probably don’t have a lot of money to throw around now. No biggie. What matters, much like your college experience, is the education and networking potential. Consider the possibilities of what happens when you do land a job out of college where you can play with additional funds. Start now by using apps and services within micro investing. These allow you to invest a small amount of capital to get your feet wet. You’re welcome to scale if you find yourself with a few extra bones. What matters, though, is that you’re learning to invest – you get to do the trial and error, now, rather than making big mistakes by going in blind when the capital (and responsibilities) are high.
The earlier the better.
It can be hard to set aside funds for investments especially when you’re having a blast in college. But you need to plan for your future. College will soon be over. You have your entire life ahead of you.
Every year you put off investing eliminates the potential for incremental gains. Do yourself a favor and start today. Learn everything you can. Make mistakes. Find what works.
The future is in your hands.