Investments You Can Make in Your 30s

It’s great to be 30! Not only are you fully able to appreciate and apply the lessons you’ve learned in your 20s, but it also puts you in the best position to plan and secure your future. It’s the time you pay attention to your financial stability—seriously. It’s the time you invest in things that can add value to your life.

by Mabel Marquez, 11 December 2017

Your 30s is the best time for you to get serious about making quality investments. Here are some for your consideration.

One of the more important things you need to really get serious with by the time you’re in your 30s is securing your financial future. For those who have never made any investments at all, the thought of putting your hard-earned money in something that doesn’t guarantee a win could be terrifying. Nonetheless, this fear shouldn’t stop you from trying, because as they say, the higher the risk, the bigger the rewards. Besides, there are more to gain than to lose (and no, it’s not just experience) in making an investment, as long as you do your homework and research on the pros and cons of the type of investment you’re interested in. 
Here are some of the smart investments that you can take on while in your 30s, so that you’ll be better equipped to take care of your finances in the future.

Start Planning for Your Retirement

How could you start planning for your retirement when you haven’t even peaked in your career yet? This is the thinking of many people in their 30s who are not too keen about starting their retirement savings. Then again, this is actually the perfect time for you to think about your plans for the future. After all, you’re still young (yes, you are!), in the pink of health, and with a lucrative or at least a stable career. 
A good way for you to get the ball rolling is to get an insurance plan that not only gives you a comprehensive coverage, but also allows you to put something aside for savings and other investments. At the same time, this helps you address two major issues that retirees most often have to deal with: health and money. If you’re not all that confident about your decision-making when it comes to choosing what to invest on, then you can get financial advice from professionals. 

Build Your Portfolio

Stocks and bonds are usually the first things that come to mind when you think of a major investment, and for very good reason. People that are able to handle and manage these types of mutual funds can enjoy a huge payoff. Still, it wouldn’t be advisable for you to just jump on the bandwagon without truly understanding what options are available.
But first, you have to identify and understand your risk tolerance. Basically, this means that you should check how much you can afford to invest—and possibly lose—in a venture. The biggest advantage of venturing into stocks and bonds this early on is that you are still in a position to recover successfully from a setback. Aside from that, you gain experiences that can you can use as lessons so you can make better decisions about your portfolio. 

Buy Quality Valuables

Saving up for the future does not necessarily mean buying cheaper so you can save more.  Investment is not just about stocks and bonds—it’s also about making purchases that can appreciate in value over time. Take for instance real. It’s something that not only secures your access to your own home, but also gives you the option to convert to cash later on should you decide to sell or lease out.  
Investments can also be high value, top of the line pieces, such as a top quality coffee maker, a good piece of suit for formal occasions, or even a luxury watch or jewellery that can surely sell for a much higher price in the future. These items can cost you a bit more than usual upon purchase, but again the point here is that these can mean savings for you in the long run because of their long-lasting quality, or they can be resold for much needed cash. 
Just remember, though, that this shouldn’t be license for you to splurge on these valuables. They are meant to be investments, so approach and treat them as such. Do not make the purchase if it will only burden you more with debt, and don’t use them indiscriminately such that the items will decrease its value because it is all worn out.

They say that you’re most likely to feel like you’re at a crossroads in your life when you get to your 30s. It’s that in-between period from being happy-go-lucky in your 20s and being on the cusp of being a real-to-goodness adult. While this can cause much confusion and uncertainty, especially as the realization of the seriousness of adulting hits you full blast, it becomes more important than ever to make decisions that can have a long-lasting impact on your life. It’s time that you seriously think about these options so you can get started on investing in the things that matter most in life, such as your peace of mind and a secured future.