From a young age, one can have goals like buying a car or an apartment, for which there is to go tracing medium and long-term goals. Ideally, to achieve these objectives is to start as soon as possible to invest. For example, when you start working life.
Luis Mendiola, a professor at the ESAN Graduate School of Business, assures that investing does not require much technical knowledge and that the important thing is to get used to using different savings and investment alternatives. This will always depend on how much you are willing to risk.
People have to be aware of their limitations, for this it is advisable to make an evaluation of the risk profile. This can be done here through the Superintendence of the Securities Market (SMV).
“A lot of people think they’re willing to take a loss, but when they see the needle move the other way and keep going down, they get scared. Investments always carry a risk,” says the specialist.
Mendiola recommends investing in a regulated financial entity because if something goes wrong in the market, a percentage of the capital can be recovered. Meanwhile, if it is not regulated, everything invested can be lost.
How old do you have to be to invest?
ideal is start investing from 18 to 20 years old, the younger the better, because you don’t have the commitments of adult life, such as family and financial burdens. By not having so many expenses, you could save up to 80% of your income and start investing them, says the ESAN professor.
“Young people can save up to 80% of their income because they still depend on their parents, they don’t have fixed expenses or a family burden. That money can start to be invested,” says Mendiola.
Where to start investing?
The specialist points out that when one is young one can explore the different alternatives of investment that exist and learn in the process to build greater wealth as time goes on.
- Invest in stocks: It doesn’t require a lot of money to get started. You can start with S / 500. An intermediary will always be required, for this it must be verified that it is authorized by the Superintendency of Markets and Securities (SMV).
- Buy mutual funds: mutual funds are investment instruments that generate profits due to capital appreciation, according to the platform Compare well. Now it is not the best alternative, but it is a possibility to start investing with S/ 20, Mendiola points out.
- fintech: are financial companies that offer technological solutions. Some lend money to companies that require capital, so with your savings you can invest in this type of company. They do not require large amounts and can pay interesting sums of money.
- Start a business.
- invest in yourself: There is no better investment than spending money on studying, the specialist recalls.
Source: Larepublica
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