A dilemma to the millennials, investment is important for your future. (Image via: Paisabazaar.com)

Millennials, Here Are 3 Top Investment Instruments for You

Alfonsus Adi Putra
Market & Investment
Market Trending
Jul 09, 2019
1982
Are you one of the millennials? If yes, we know that nowadays it is getting tougher for you to choose which investment to hold when there are so many promising yet unstable instruments. Of course, we all want to invest big with little risk, right?

Rest assured, in this article, we are going to shed a light on your darkness with these 3 instruments you should consider when it comes to putting all your money on it, according to Adjie Wicaksana, CEO of Halofina, a financial planning mobile application.

The first instrument and the instrument which we are certain that everyone sees as safe is gold. Gold is one of the gauges for one’s wealth. The word “wealth” comes hand-in-hand with “gold”. Gold is considered a safe and sound investment because its rate rarely goes down and instead of going down, it soars to the sky.

We are not talking about “digital gold”, but the real gold, the one that you can keep for yourself. Moreover, you can do anything to gold, it will not change its value. Turn it to ring, necklace, bracelets, or denture, gold will always worth gold.

The second instrument is a property. It can be in the form of a house, an apartment, or land. Investing in property is quite tricky, however, since the physical material is there but hard to be released. Fortunately, since the physical properties are still there, investors will feel that they have something which belongs to them.

Third and the last instruments recommended for the millennials is a deposit. It is an act of keeping your money in an institution, most likely the bank. There are 2 types of deposits: demand and term deposits. For the demand deposit, you can withdraw the cash you save at any time. The contrary is said to a term deposit. With a term deposit, you save the money but you can only withdraw it after passing several amounts of time as agreed.

But, why is it recommended? Wicaksana pointed out that cash that you deposited is secured by the state through Deposit Insurance Corporation. In other words, its safety is the main point why it is recommended because the state guarantees it, should something bad happen with it.

There you are, 3 instruments guaranteed to make your financial state safe. However, a piece of advice, make sure you know these instruments before investing your money in it for a safe bet. And of course, investment starts early or never because there is never “too late” in trying but there is always “too late” in regret. Start planning your investments from now!

Source: https://money.kompas.com/read/2019/03/20/162638826/ini-3-instrumen-investasi-yang-cocok-untuk-milenial

Market , Investment , Tips , Tricks , Finance , Millennials