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3 Investments to Make While You’re Young for Optimal Payoff

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It’s been said time and time again by investment professionals that the key to developing savings later in life is setting aside money early on—that is, while one is young. Moreover, certain types of investments are especially likely to produce long-term success, and by utilizing these types of investments ASAP, anyone can enjoy financial security in subsequent years.

To help investors prepare for the future, let’s take a look at three investments that will prove beneficial in the long run—provided that they’re made when one is young.

US Bonds

U.S. Bonds—especially I Series Bonds—are fantastic investments for young individuals. I Series Bonds, for instance, are government-backed, interest-compounding investments that accrue for 30 years. A $50 I Bond would be worth over $150 20 years down the line; three times one’s initial investment.

Thus, a 25-year-old individual who puts $1,000 per year—less than seven percent of the annual minimum wage, or about three dollars per day—into bonds will have more than $110,000 saved by the time he or she turns 50—and on a minimal investment of $25,000.

Precious Metals

Precious metals have increased in value during the last century. 100 years ago, an ounce of gold was worth less than $500, but today, the price of gold per ounce hovers around $1,500. Thus, savvy investors could have doubled their money during this time. Moreover, gold sold for just $250 or so per ounce 50 years ago; those who invested in their 20s would have made six times their initial investment as early as 10 years later! This return has held steady in the interim as well.

Also supporting the investment potential of gold and other precious metals is the fact that reputable, reliable, and knowledgeable companies, like McAlvany ICA, are standing by to help interested persons get in on the action. Additionally, gold is in demand around the world—not in a limited number of countries.

Property

This tip will be kept brief. Property values rise with time and demand. A middle-aged or elderly individual who invested in a California residence during his or her youth would be able to sell this property at an enormous profit today. Different individuals in other parts of the country can would be able to do the same, albeit to a less-lucrative extent. If an area is nice and seems as though it will attract persons for years to come, it might be worth investing in. Plus, this investment can double as a place to live.


Emma Sturgis is a freelance writer based out of Boston, MA. She writes most often on health and education. When not writing, she enjoys reading and watching film noir. Say hi on Twitter @EmmaSturgis2


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