The Most Ideal Investment for Millenial Generation

Are you one millenial generation? Some characteristics of millenial generation are those who were born in 1981-94, like changing the job, prioritizing on lifestyle, but 80% of them cannot afford to buy a house. Well, it’s important for the millennial generation to start investing. There are 5 things to consider as a pioneer investors.

1. Keep It Simple
   Investing can really be complicated for millennial generation. Adding with other activities may also be difficult to learn again about the many instruments of investment. Therefore, you must understand and own at least 1-2 types of investment.
2. Long Term
   The long term investment makes bigger benefit. For example if you invest in reksadana for Rp 500 thousand per month with a target return of 15% per year, then the results can be obtained after 10 years will be Rp 140 million, with capital of only Rp 60 million. It is better if you are able to set at least Rp 1 million, then the result is not only doubled but can be more.
3. Productive Asset
   Millennial generation should have a productive asset. The asset that not only increase in value, but also provide more benefit. The easy option is reksadana product. The online platform may be preferred for the transaction of reksadana. Another interesting alternative of investment but got a bigger risk is P2P lending or lending to people who need fund. This platform is provided by financial technology companies. Finally, it is buying property as an investment asset. It can be land, which is then taken the benefit and leased it to earn a profit share.
4. Make It Automatic
   Using an automatic investment system will ease the monthly process and make more disciplined in investing. The automatic debit is a system that operate when there is money in the account. It will be directly debt to be allocated into the selected investment instrument, using the periodic transfer feature.
5. Preparation of Pension Fund
   A financial independence and retiring comfortably is the hope of millennial generation. Therefore, although still in the early 20s or early 30s, pension fund should be prepared earlier. The purpose is at the age of 45 years old can be ready to the condition of financial independence.

Source: Detik

Disclaimer: This article is a summary of news articles obtained from a number of mass media. We are not responsible for the accuracy of data or sources of information presented by the mass media that became the reference.

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