Most young adults have the tendency of not being able to save much money on the age more over being expose to the idea of wealth accumulation. Income that they have earned are mostly being paid to their car installment, rental, fitness membership and so on depending on their spending habit.
But there are still some exceptional young adults that had spend less into their lifestyle and cost conscious enough and spend only on what they need and leave their money into savings account or better yet place their hard earn money into fixed deposits which they could earn an interest from 3% to 3.75% depending on the length of time which it is locked for and the amount which they deposit in.
For young adults, this is their most precious time and yet challenging as they could have just start off their career or building them at this moment. Time will be so much tied onto their job and would have no time to think about investing their hard earned money and ready to settle down with interest that they have earned from their fixed deposit.
There are many interesting investing vehicle that could be found in the market. To name a few such as stock market, unit trust, properties, land banking, businesses and etc...
Many of these great investing vehicles will require a huge amount of downpayment or time to research on the right investing vehicle at the risk level which they could tolerate.
Nevertheless, it will still require time to monitor the investments as there are no one looking after it for you.
In my opinion, one of the better off investments for young adult are unit trust. The reason for this is it takes only a very minimal amount to start up (eg RM 1,000). In Malaysia, compeition are high for unit trust management companies in Malaysia and of course the competition is so that high it is great to get the best deals out of them.
Generally unit trust post a higher return compared to fixed deposit ranging from 3% to 16% depending on the type of funds which you may have invested in.
Great benefits which young adults could enjoy from this is this investment vehicle are very much more on then what it seems. You will enjoy the benefit of expertise who has been managing funds for years. Calculated risk on your investment will be taken into account to assure that chances of growing your investment are higher.
Well diversified in a manner that your funds are place into multiple shares by the fund managers even if one of the counter is losing there will be still a lot more of other counters that will be gaining. Unless there is a substantial financial crisis in the region or the world, therefore if this circumstances are to occur, switching your funds are one of the thing which you would like to think of. This also takes into consideration of the growth of your fund size. If you have gain a substantial capital growth, realise it and move on to new funds or funds which have reach its lowest point.
Of course there are many more great benefits that we could derive from investing in unit trust.
To find out more you may contact me through email, MSN messenger or mobile.
Email: alvinyeohkw@gmail.com
MSN Messenger: alvin788@hotmail.com
Mobile: +60126558710
