When asked their biggest financial regret, many people aged 30 and above say they regret not investing earlier.
It is not just FOMO or the thought that maybe you could be stinking rich if you had just bought some bitcoin back in the day.
No, it is that you are hurting your financial goals if you do not invest. Investing your money into the stock market or elsewhere is one of the best financial decisions you can make for yourself.
If you don’t know where to start, here are our top five investment ideas below.
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1. Contribute to a 401(k) or Retirement
This is the number one priority. Try to set aside a certain percentage of your paycheck that you will contribute towards retirement.
Many employers offer a free 401(k) match for every dollar you put towards your investment. If you don’t take advantage of this, why not? It is free money.
2. Mutual Funds
If you are tentative or slightly risk-averse when it comes to investing, consider a mutual fund.
You can invest in a selection of stocks or assets that may be hard to invest in on your own. These are a great way to build wealth over time and come with low fees. Banks usually offer a ton of advice about investing in mutual funds.
Check out a way to build your portfolio at
3. Figure Out Your Risk Tolerance
We all have different tolerance levels for risk. You will want to figure yours out.
Are you the type to go big or go home, or can you not stand the idea of losing ten thousand dollars in an instant?
Often, bigger risks come with bigger returns. If you want to play it fairly conservatively, maybe a mutual fund would be a better idea or some other index fund.
If you’re big on risks, you can try picking your own stocks or even shorting stocks. This involves doing tons of due diligence research, of course, but it could result in massive payoffs.
Just be sure you know what you are doing when you are taking on significant risks.
Exchange-traded funds (ETFs) are good investment ideas as well. They are traded on the day-to-day like individual stocks but are sort of a basket of stocks like mutual funds are.
You don’t have a purchase minimum when it comes to ETFs. If your broker allows, you can even purchase fractional shares.
Many digital brokers have options like that which you can take advantage of.
5. Invest in Non-Liquid Assets
Do you have a niche hobby? Do you think you could turn a profit off of that hobby?
Why not give it a try? There are tons of niche hobbies out there with good resale value over time, like mechanical keyboards, or fountain pens, or even gardening and woodwork.
You never know if you don’t try!
More Investment Ideas Pop up Every Day
No matter what, you should start investing today. You have plenty of investment ideas to work with now, after all!
Check out our lifestyle and money section for more timely tips on what to invest in.