Starting young with investing

A number of new graduates will hit the workforce this year. Once you acquire a great new job, one of the first things you need to look into is what type of investing options are available. Investing younger should be a big priority as it allows you to retire sooner and it provides you with more money for retirements.Young investors obviously don't have the same type of experience as older investors and you will make some mistakes, but this is all part of the investing world. Knowing how to learn from your mistakes and to create better opportunities for yourself in the future is a great way to make plenty of money and secure a nice retirement for yourself in the future.

Have a plan
When you are getting started with investing, you need to create a plan for yourself. What are your long-term investment plans? What short-term investment plans are available for you now? Young investors need to take the time to get their finances in order and create goals for themselves in order to have a nice retirement built up in the future.

Start with Stocks
Most of the employers out there offer 401(k) plans and IRA plans. These retirement plans typically take your money and invest it into stocks in the form of mutual funds. This is a safe investment as it helps to spread out your money between high risk stocks and low risk bonds and other things. The one nice thing about stocks is that you really don't need to have a ton of knowledge in order to make a nice profit. Play around with individual stock plans on websites like Etrader.com. This will help you learn about the different types of stocks and as you learn you may be able to make a little bit of money at first. With the stock market you do need to be aware that it's going to take a lot of time, patience, and trial and error in order for you to make money from the stock market.Stocks have higher returns and young investors have a greater opportunity to make a nice amount of money by investing in these higher risk investments at a young age.Make sure you get a good stock broker that you can trust as they will be responsible for helping you make a nice amount of money in the stock market.

Focus on Real Estate
Want to end up with millions? Learn a lesson from others that have become successful with real estate like Donald Trump. Real estate investing is a great way to make money in a short period of time but it's also a great way to make a lot of money over a long period of time. One of the great parts of real estate investing is the way it appreciates over time. The longer you hold onto a particular property, the more it may appreciate over time if you choose the right one. Here are some tips to remember when you are focusing on real estate investing:

• Choose a good location. Sure it may be a nice location now but is it going to hold its value and still be a nice piece of property in 5-25 years?Location is vital when you are investing in real estate. Look for a piece of property that is close to schools, and is also close to larger cities for "hot jobs".


• Do you want to hold onto the property and become a landlord? A number of young investors are buying several properties with the idea that they will become landlords and sell the property in about 5 years and they will have enough to money to pay for their own home without needing a loan. Just know that you are going to deal with a lot of issues if you choose to become a landlord and it's not always easy to sell the property if you have had bad renters.