Let’s Talk… College Series: Investing for Students and Grads!

With students going back to college, we are starting our college post series. Today I wanted to talk about Investing for college students and grads. 

Few college students have the “know how” to start investing into the market at such a young age. The good news is it is not as scary or hard as it sounds! There are a few steps to consider as you begin your new life into adulthood and into the stock market.

1. You need to start with opening an account. Whether it is a savings, checking, retirement, or brokerage account you must first open an account in order to begin saving.
2. Once you have your account set up, you can begin putting money into it. If you make a regular income, you will want to put money into this account regularly. You can even set up an automatic deposit to make saving a little easier. 
3. Always invest with a knowledge of your risk level. You may not want to see any fluctuation in your portfolio, in that case an interest-bearing savings account may be your best option. If you are willing to take some risk, investing a certain amount of money in a balanced mutual fund may be a better option for you. Do your research and always know what you’re willing to lose. There are many applications online, where you “play invest”. Using tools like this will help you make a better decision.

As you get older, make more money, and become more experienced you can start taking more risk. But by starting young, you are able to help yourself save with compound interest, while also laying groundwork for the future.

The content in this material was created for educational and informational purposes only and is not intended as an investment advice.

The opinions voiced in this material are for general information only and not intended to provide specific advice or recommendations for any individual.

All investing involves risk including loss of principal. No strategy assures success or protects against loss.