Best investments for young pros and millennialpreneurs (Part 2)

By this time, you already know that adulthood is tough, more so for millennials who spend beyond their budget.

Last week, we’ve listed five items in our quick rundown. And without further ado, here’s the much anticipated round two.

1. Mutual Funds: Minimum investment: P5,000

Yes. From the word itself, it means shared. Putting your buck in the stock market is profitable, but it can be a bit complex and overwhelming for noobs.

Thus, a good way to jumpstart is to allow your money to get pooled with funds from other investors, which experts put in varied instruments such as bonds, stocks, and money market funds. But because professional fund managers administer these, you’re more guaranteed that they will grow in the long term.

2. Unit Investment Trust Fund (UITF): Minimum investment:P1,000

Almost identical to the one above, the key difference is the fact that UITFs are investment products offered by commercial banks. And since banks in our country are supervised by the Bangko Sentral ng Pilipinas, UITF investing is assured to be scam-free.

3. Investing in yourself

Yes it may sound a bit cheesy but your own skills and knowledge are your greatest assets besides money.

You see, not everything was thought in school. You’ll eventually notice that the more seasoned you become, the less important your educational experience becomes in job application (but never irrelevant of course.) Nonetheless, the trainings and seminars you’ve attended can count a lot in surviving the cutthroat competition in the professional world.

So take those online courses and certification programs; attend workshops and of course, subscribe to video tutorials on what you’re most passionate about and would like to earn income from.

Honourable Mention: Cryptocurrency

Although some friends suggested this on my list last week, I’ve decided to place it here for now.

In a word, perhaps cryptocurrencies are for those who are willing to take a bigger risk. It could be that this is the future of money, fated to replace national fiat currencies partially or even wholly. If this takes place, the value of fiat currencies will continue to fall against the more popularcryptocurrencies, which will become excellent investments.

However, let’s face that it is as not widely accepted (at least for now) thus, they are also very volatile.

This is one of the main reasons mass adoption is taking longer than it should. Many corporations and banks refuse to deal with a form of money that is going to go through huge swings in uncertainty.

At the end of the day, investing isn’t something we keep on postponing until we reach that age when we barely have time left to put up a decent amount. Always remember that the earlier, the bet t er.

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Need more tips in life, career and beyond? Invite me to speak in your event or reach me at “Coach Pat de Leon” on Facebook.