Best Investment Plans for College Students


Great tips and tricks for all college students to help you choose good and fruit bearing investment plans that can easily help you thrive financially during your years in school. 

Finance is a broad topic, which most people do not spare sufficient time to learn. Unfortunately, most people consider enrolling in finance classes after making bad financial decisions or choices. When students resume their classes, they are usually given pocket monies by their parents or guardians, which should last them for a specific duration. Students must learn to make wise decisions because, if they are not cautious, the money gets over very fast as someone steals it. After sorting out all their basic needs, most students usually use the balance to have fun and hang out with friends instead of thinking of ways they can save. The beauty of saving funds is that you will always have money, even during the rainy seasons. 

I always advise my colleagues to enrol in finance classes. This is one of the most effective ways to avoid making money mistakes. Understandably, it could be challenging to enrol in such classes, especially if you feel overburdened by the courses you currently pursue. Students are usually under constant pressure to accomplish so much within a short duration. Unfortunately, if an individual is not cautious, they will spend almost all their time studying. If you are in a similar situation, you could consider seeking academic assistance from reputable custom writing companies like Peachy Essay. That way, you will have sufficient time to engage in other activities besides your assignments. On the same note, you will also have adequate time to go to finance classes. This article will discuss the different investment options for college students. 

Explore Share Market

This investment option is good for those students interested in shares or investing in direct equities. If the topic of the share market sparks something inside you, this could be one of your best investment options. Unfortunately, if you are a newbie investor, you should be cautious since the investment option could be risky. Apparently, you could consider other high-growth stock options. If you are patient, you could also consider holding the stocks for longer since they guarantee a good return. The beauty of having solid stocks, which have surpassed the test of time, is that they will offer you good returns. However, before you plunge into the market, you should spare sufficient time to educate yourself about the general nature of the market as well as the various risks. Once you become confident after gaining knowledge, you could consider enhancing the stakes. 

Invest in a merry-go-round

In the current generation, it is challenging to find reliable people since most people are driven by malicious lust. However, if you have a team of faithful friends, you could consider starting a merry-go-round. This investment option entails making contributions weekly or monthly. Apparently, someone will receive the funds every time the contributions are made. Every week or month, an individual gets the funds from all members, and the cycle repeats itself. Anytime you receive the funds, you could consider investing or purchasing something you had intended to buy for the longest duration. Most of these merry-go-rounds, if well managed, could end up being a great investment club. 

Investing in the stock market

As mentioned in the introduction, investing in the stock market could be risky if you are a newbie. However, if you are a risk-taker, nothing should stop you from achieving your dreams or doing something you love. If you want to invest in the stock market, you might need to get a broker who will help or advise you on the different shares you can purchase. On the same note, if you are business smart, you could proceed and invest the money by yourself. If you are in a position, it would be better to shop for a broker that will work professionally to sort out your needs. One of the most effective ways of getting a good broker is seeking assistance from people you trust or people who have been in the industry for some time. If you have never invested in the stock market, it would be best to invest a small amount of money and check whether it works for you. Most importantly, you should avoid doing something simply because it has worked well for your colleagues. Apparently, what might have worked out well for them could be different for you. 

Join an investment club

Another investment option would be joining an investment club, which consists of a group of interested individuals that come together to combine their resources and work towards achieving a common objective. If you plan to venture into this investment option, you must have more cash, which you will use to invest together as a group. The beauty of combining forces and working as a group is that it offers individuals higher purchasing power. However, you should proceed with this investment option if you have a team of trustworthy friends. It would not be easy to make progress of any kind if you do not trust one another. Another essential aspect of this investment option is that there should be a contract that all the parties sign. This will aid in ensuring that if anything happens, there will be a binding agreement that shows what should happen in a particular situation. 

Join Sacco

This investment option will assist you in saving money and later investing it in something that interests you. As a student, you could save your funds by enrolling in a Sacco. Whenever you need a loan, you can borrow almost three times the number of shares you have. Another beauty of joining a Sacco is that they always pay dividends annually based on an individual’s saving pattern. Therefore, depending on an individual’s saving habits, the chances are high that you will also make a good dividend if you save a lot. One of the drawbacks of most saccos is that you will need an older member to sign the loan for you. Therefore, you will need to know other people in the Sacco who will assist you when you want to get a loan. 

In conclusion, there are many investment options for students. It would be best if you spared sufficient time to understand the different investment options and how you could make them work in your favour. 


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