alexa Missed Call Number
Home Articles How to Create an Investment Portfolio in Your Early 20s

How to Create an Investment Portfolio in Your Early 20s Research Team | Updated On Tuesday, November 18,2014, 09:47 AM

2.0 / 5 based on 2 User Reviews

How to Create an Investment Portfolio in Your Early 20s




Set goals. If your objective is retirement, calculate how much you will need vs. how much income you will have when you retire.


Choose a strategy that will allow you to meet your goals. Brokers and others offer varying advice on the best way to allocate assets, therefore talk to financial advisors, read financial newspapers and magazines, and visit financial Web sites.


Pay yourself first. Set aside 10 percent of your annual income and invest it.


Invest in an Individual Retirement Account if you are eligible.


Put your money in conservative investments at first; for instance, mutual funds that buy a variety of blue-chip stocks. After you have a solid foundation, you can choose higher-risk investments.


Diversify. Buy a variety of investments; for instance, if you are investing in mutual funds, you might put 30 percent of your money in growth funds, 30 percent in aggressive growth funds, 20 percent in tax-exempt bond funds and 10 percent in money-market, checking and savings accounts.


Buy what you know. If you go beyond mutual funds and decide to buy individual stocks, invest in companies that you know something about.


Did you find this article useful? You can Rate us
2.0 / 5 based on 2 User Reviews
Article Author Research Team

The research team at comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.

Get It now!