Best Investments for Young Adults

Your age plays a significant role in the type of investment accounts you should open or decisions you make. The best investment accounts for young adults have low (or no!) fees and no minimums. Further, the investment horizon matters because not all investing goals for young adults involve thinking over the long-term. 

Best Long Term Investments for Young Adults

Young investors can take advantage of aggressive investing in their 20s and 30s and hold some of the best investments for the future.

Best Long Term Investments for Young Adults

1. Debt Elimination

Once young adults can get a handle on their student loans responsibly, they should look to invest money in their retirement accounts to grow for the long-term.

Best Long Term Investments for Young Adults

2. Best Retirement Investment Accounts for Young Adults

It’s never too early to start saving for retirement. Individual retirement accounts (IRAs) and company retirement accounts, such as 401(k), 403(b) and 457 plans are some of the most popular ways to save for retirement. 

Best Long Term Investments for Young Adults

3. Health Savings Account (HSA)

As a word of warning, make sure you enroll in a high-deductible health plan / HSA combo for the right reasons, and not to skimp out on healthcare needs.

Best Long Term Investments for Young Adults

4. Real Estate

Owning your own home can be a rewarding investment.  It builds equity as opposed to paying rent to a landlord, gives you your own space, offers tax benefits, among many other benefits.

Best Long Term Investments for Young Adults

5. Exchange-Traded Funds (ETFs)

An ETF is a collection of securities, such as stocks, that usually tracks an underlying index (though they can invest in any number of industry sectors).

SWIPE UP FOR MORE ABOUT Best Investments for Young Adults