Tips to invest according to age :- Invest like this at different stages of life

There is no age limit for investing. You can plan to save or invest at any age. Financial experts always recommend investing from an early age. But depending on your income and expenses, you can start investing even in your 30s or 40s.

However, as you age, your needs and investment risk level also change. Therefore, to get better profits you must invest in the right scheme.

In today's time, you will find countless investment schemes in the market. But as a customer or investor, you must see which scheme will be best for you.

Although it is said that you must save or invest about ten percent of your income, so today in this article we are telling you how you should invest based on your age or life stage.

Investing at the age of 20 to 30

This is the age when you have finished your college and started earning. You have your whole life to build a career and invest. In such a situation, it is always advised that you invest in high-return high-risk assets.

However, if you want, you can keep the investment amount a little less. With this, you will be able to easily bear the losses or volatility in the market. You invest in equity. Equity gives the highest returns in the long run but market movements can be troubling in the short run.

You should keep around 80 per cent of your investments in equities 15 per cent in government-supported savings schemes like EPF or PPF and around 5 per cent in cash.

Investing between the ages of 30 to 40

Your financial goals may change at this age. If you want balanced growth along with saving your money, then you will have to invest accordingly. If you have a risk appetite, the equity ratio can be maintained around 50-60 percent. 

However, if you cannot do this, then you can think of investing in an insurance plan or savings plan. In this type of scheme, you get a fixed return and the risks are negligible. Apart from this, if you want, you can also decide to invest in real estate.

However, it is very important to have a life insurance policy at this age, so that no one faces any financial burden even in your absence. Also, if you have not taken health insurance then this is the right time to do so, as the premium will also increase with increasing age.

Investing between the ages of 40 to 50

This is the age when your lifestyle has changed to a great extent and your expenses also increase a lot. However, in this period of age, you should pay more attention to savings. At this stage of age, you should make up your mind to invest in bonds with the lowest risk. If you want, you can also consider fixed investments.

Not only this, you should consider such an investment scheme from which you can also earn some income. At the same time, you must keep about 5 percent as emergency cash, so that you do not face any kind of problem.

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