5 tips for college students on how to begin investing using pocket money

Published on: 16 July 2018 Last Updated on: 02 March 2020

According to the United Nations, India has the world’s largest youth population with more than 356 million individuals between the ages of 14-24 years.

A young population carries with it some characteristics- low savings, high splurge and little sense of investment. In such a scenario investment education becomes an important movement. While it may not be intuitive, investing at a young age is beneficial in the long-run considering these individuals are free of financial burdens, possess a higher risk appetite and are rife with enthusiasm.

Though practical knowledge is a must for students to understand the intricacies of any investment, here are 5 basic tips for any college student to take a step into the world of investments.

1. Start saving from yesterday :

Though it is impossible to travel in the past and stop ourselves from splurging on vanity products, it is vital to start saving every single day. As college students, it is easy to go on a guilt-free spending spree, but an effort needs to be made to save a certain portion of your pocket money. This can be easily done by allocating a certain amount at the beginning of the month towards investments, either stocks, fixed deposits or mutual funds. You can pay for college essay with ideas on OnlineCollegeEssay.com. You will get high-quality papers at low prices which will help you to save the balance.

Pro Tip: You can choose a minimum amount to be transferred into another bank account or investment option as a standing instruction with your bank.

2. Low-risk investment options are your best friend :

As college students and amateur investors, it is important to not be swayed by the prospect of high risk high return promises. Though it is exciting, it is necessary to be grounded and learn the basics. You should choose low-risk investment options so that you don’t lose money fast. As a young investor, always remember to balance your risk by planning and with efficiency. A planned investment can fetch you a decent return.

You should choose to invest in long-term options but can segregate a small amount to experiment with such that you can learn with experience.

Pro Tip: The market is rife with risks and uncertainties. Hence, it is advisable to approach your finance professor or family member who could guide you in the same.

3. Assess and evaluate your risk and margin estimate :

Even seasoned investors such as Warren Buffet strongly believe in calculating your risk vs return estimate. No matter what your financial background, risk appetite and goals, it is important to calculate your risk. Before investing, try to assess the amount of risk you are willing to bear and the margins below/above which you will not buy/sell. As a young investor, be ready to tackle losses and be clear in your investment options and always try to balance your portfolio.

Pro Tip: Try to approach a senior family member, ask them about their investments and the calculations they undertake. This will help you give a direction towards what you can do too.

4. SIPs – The future :

A boon for young investors, Systematic Investment Plans are an excellent investment option which offers low risk in combination with high returns. It is one of the smartest methods to mitigate the loss in your portfolio.

SIPs allow for college students to be able to deposit a predetermined amount on a certain schedule which can be attuned according to every individual. This can be weekly, monthly, quarterly or even yearly. Though a long-term option, it is one of the most sought-after investment options by early investors.

Pro Tip: Before investing in SIPs, research about various mutual funds offered by fund houses such as HDFC Mutual Fund, SBI Mutual Fund etc. This will allow you to compare options based on various factors such as past performance, returns etc.

5. Be patient and do your research :

As young investors, it is easy to get carried away by brief success or favorable market positions. But, it is important to be patient and keep learning. As you are amateur investors, the skill that you should master is the skill of research and due diligence. The more you learn about various investment options, market vulnerability and performance, the more you will be able to invest wisely.

Start with researching the company, fund house or investment tool. Though past performances will not dictate the future, understand how it does play a role in future growth. Try to analyze the various market trends and keep a lookout on the extremities.

You will find many bombarding you with information and advice. But, always remember that you are the maker of your own future. So, do your research, be patient and keep learning.

Pro Tip: Tune into various news channels to learn about market trends from various experts. You can also subscribe to various weekly newsletters and magazines for the same.

Investments are tricky, for everyone including college students. It is an exciting journey filled with ups and downs which only make it more worthwhile. You can reap the benefits tomorrow if you the sow the seeds of research, patience, and dedication today.\

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What Is STEM Education

Students have to learn multiple academic subjects. Some of them are always reviewed separately, while others are united into a special combination. Thus, many people know about STEM, which is a union of 4 vital areas – science, technology, engineering, and mathematics. As you can see, each of them is pretty important and complicated separately. As you have to study all of them intensively, your education can turn into a real hell. Nonetheless, the benefits will be impressive if you withstand this challenge properly. You will find a great job, the possibility for career and personal growth, respect from colleagues and others, a high salary, and so on. Our informative guide casts more light on your job options, as well as tips that may make your education much easier and more convenient. Find Help With Assignments Online It is very hard to be successful with all those united subjects, and you may require help with assignment online. If it’s so, opt for us. We are a famous and highly reputed academic agency. We specialize in offering various kinds of learning help for students who are interested in STEM and similar disciplines. All our specialists are verified and trained after they are employed. Thus, you can fully trust them. They release only high-quality and authentic projects, which are completed swiftly. Define STEM And Possible Professions As we have already figured out the abbreviation of these 4 fields, we’d like to pay your attention to another interesting aspect related to them. What kinds of professions one can find if one has a STEM degree? We’ll name the most popular ones with the average annual salaries: Computer programmer: $58,343 Chemist: $62,228 Financial analyst: $68,538 Biologist: $72,448 Civil engineer: $80,928 Mechanical engineer: $82,422 Psychologist: $85,794 IT manager: $88,872 Database administrator: $92,194 Mathematician: $96,762 Economist: $97,042 Physician assistant: $105,128 Actuary: $109,014 Data scientist: $121,853 If you get the desired degree in these subjects, you are welcome to opt for these and many other incredible jobs. STEM In Education: How To Be A More Effective Learner? Many folks are opting for help with assignments online, and we can understand them. These 4 subjects are very complicated. That is why many students are actively looking for various methods to be more effective learners. We have a few vital insights for them. Manage time reasonably. Many students run out of time too often. This may be the main reason why you fail. Be sure you create a flexible schedule that outlines all your urgent tasks and sets clear timeframes. Stick to them and use various time management techniques to become faster. Be an eternal learner. Make a habit of learning something new every day. Try to find at least one new topic that is related to STEM and master it. This habit helps to quickly enrich your knowledge. Don’t be shy to ask questions. Good learners always ask questions. Follow this example because you may miss vital facts if you don’t ask your teachers and professors. Every time you mishear or misunderstand any explanation – be sure to ask to repeat or explain again! Take notes regularly. Smart learners always take notes when they feel some piece of information is crucial. Follow this great habit to never forget something relevant. Make sure you refine all notes to divide them into logical categories. Thus, you will swiftly find the right fact. Use technology. You should never forget that technology is your ally. Just use it correctly, and the fruits will be ripe soon. Use various learning apps that help to calculate, equate, as well as write, edit, research, etc. Stay away from distractions. Many students steal their own time that could be devoted to learning STEM. For example, they like to surf social media platforms, play video games, hang out with friends, etc. Avoid these and similar time stealers until you complete all your assignments. STEM Fields And Where To Get Help With Them? One of the best ways to cope with your learning hardships is to look for help with assignments online. The Internet is a huge hub of all kinds of useful data for learners. Let’s check things that can provide you with it here below: Educational Sites Do not ignore various educational sites that are devoted to STEM. They may contain a lot of vital information on the matter. These can be guides, tutorials, and manuals. Moreover, many college and university sites, as well as non-profit sources offer samples with explanations. Thus, you may find out the necessary details to understand how to complete this or that assignment on math, technology, etc. Online Courses At times, you may require other explanations from other educators. Thus, you may opt for numerous courses in these 4 areas. Define which one suits you better and improve your skills. STEM Communities There are many communities that are dedicated to every subject or the 4 of them at the same time. It’s useful to join them because there are many teachers and students with their own experiences. They provide effective tips and recommendations about how to solve various tasks and boost any skill you want. The Bottom Line This direction is very popular, as well as challenging. All these subjects are complicated, and you will really have to try hard to enjoy success. Yet, it’s worth a try when you look at possible job options. Use the prompts provided above to make the process of learning easier. READ ALSO: Career Options after 12th Science 8 Useful Tips for Personal Career Development How Many Jobs Are Available In Real Estate Investment Trusts?

Using the aptitude test for hiring a Pilot

At times, when you come across the right type of candidate who has applied for the pilot in your aviation academy, the very first thing that might click your mind is whether the candidate is actually a good person to handle such flexible job or not. The job role of a pilot is way lot different than the job role of any other candidate, after all, the lives of many individuals on the air depends upon him. It is expected to form the person to be physically and mentally fit to fly the plane. And for this, it is important to assess the candidate with the right assessment solution. Understanding the concept of aptitude test for Pilot: The focus of the pilot aptitude test is to know whether the candidate is mentally fit and can use the skills in the right manner or not. The aptitude test is categorized in different forms. Psychometric test is one part of it. The test depicts a clear examination of the behavioral tendency of the candidate and whether the person can understand different mindsets that would be traveling with the person or not. A pilot has to be extremely of a balanced nature and must see to it that he fly the plane in a way that the passengers feel safe and secured. No doubt that this job has got a lot of responsibilities and it is expected that the person who applies for such job role is only expected to fulfill all the requirements that aviation industry would expect him to do. Benefits of using such test: Such type of test not only benefits the aviation industry to know the pilot but also helps the candidate know whether he is actually performing well or there are some areas of improvement on which he needs to work upon. Such type of test is a great solution for the employer to know if the mind-sets that would be working in their organization as the pilot are stable, can take active participation and weather can bring out the best from themselves for better output or not. The pilot would be taking the passengers to different countries through different weather situations. Condition at times can be worst and it is expected form the person to have an active approach to handle such situations so that passengers are reached to the destination safely and without any kind of problem. With minimal investment and conducting the subject matter expert to design such a test, there is no doubt that you will get the possible outcome. But again, it is important for you to keep in mind that creating such a test needs to be highly secured. Using proctored software can reduce the risk of fakers and cheaters. Besides, you will understand how serious the candidate is for such type of job role. Now things are in your hand and as an employer, definitely, you would not want to waste the investment that you have made in the aviation academy or the pilot whom you are intending to hire.

What To Do If A Student Does Not Cope With Studies?

Being a student is like embarking on a thrilling roller coaster ride through the world of knowledge and discovery. But, hey, even roller coasters have their unexpected twists and turns, right? So, if you're finding yourself on a bit of an academic loop-de-loop, fret not! In this guide, we're diving headfirst into the land of academic adventures to explore what to do when the going gets tough. Whether you're in need of some inspiration, a dash of motivation, or a pinch of strategy, we've got you covered. And hey, if you're feeling overwhelmed, just remember that even the best adventurers sometimes need a map to navigate uncharted territories. 1. Acknowledge The Struggle Picture this: you're wandering through the dense forest of assignments and exams, and suddenly, you realize you're lost. The first step is to acknowledge that feeling lost is okay! Everyone encounters bumps on the academic road. Accepting the struggle is like turning on your GPS – it helps you identify where you are and where you want to go. So, embrace the challenge and give yourself permission to seek help. 2. Seek Guidance Just as explorers have mentors and guides, students can lean on teachers, professors, and academic advisors for support. They've been through the academic jungle and know the shortcuts and detours. Don't hesitate to reach out for clarifications, suggestions, or even just a motivational pep talk. Remember, even Indiana Jones had Sallah to help him navigate those treacherous archaeological digs! 3. Map Out a Study Routine Imagine you're planning a grand expedition. You wouldn't venture into the wild without a detailed map, right? Similarly, crafting a study routine can keep you on track. Create a weekly schedule that allocates time for studying, reviewing, and relaxing. Consistency is the key! Whether you're a morning owl or a night owl, stick to your routine and watch your progress soar. 4. Embrace Technology Ever heard of a trusty sidekick? Well, in the academic realm, technology is your sidekick. There are tons of apps and online resources designed to make learning more engaging and interactive. From virtual flashcards to educational YouTube channels, these tools can inject some fun into your studies. And, if you ever find yourself in need of a trusty guide for your academic ventures, Grabmyessay.com is here to lend a hand. Remember, even the mightiest heroes need a helping hand once in a while. 5. Break Down Tasks Conquering Mount Everest doesn't happen in a single step, right? Similarly, tackling mammoth assignments is best achieved by breaking them into smaller, manageable tasks. Create a checklist and revel in the satisfaction of ticking off each completed item. It's like collecting gold coins on your journey to academic victory. 6. Find Your Study Oasis Think of studying as your personal treasure hunt. To make it exciting, scout for a cozy and well-lit study space that sparks your creativity and focus. It could be a corner of your room, a coffee shop, or a local library. The right ambiance can transform your study sessions from mundane to marvelous. 7. Embrace Failure as a Stepping Stone Remember, every great explorer faced setbacks. Thomas Edison famously said, "I have not failed. I've just found 10,000 ways that won't work." So, if you stumble upon an academic hurdle, don't be disheartened. Instead, view it as a stepping stone towards improvement. Learn from your mistakes, adjust your strategies, and keep moving forward. 8. Stay Healthy Just like an adventurer needs proper nourishment, your brain needs a healthy diet and ample rest. A balanced diet, regular exercise, and sufficient sleep can rejuvenate your mind and enhance your learning capacity. So, fuel up and ensure you're operating at your optimal level. 9. Celebrate Small Wins Imagine reaching base camp on a challenging expedition. You wouldn't just march onward without a celebratory pause, right? Likewise, celebrate your academic victories, no matter how small. Completing an assignment, acing a quiz, or grasping a complex concept – these are all reasons to pat yourself on the back and bask in your progress. Final Thoughts In the grand tapestry of academia, every student is an intrepid explorer embarking on a unique journey. Remember, it's okay to ask for help, seek guidance, and embrace challenges. By adopting a positive mindset and employing strategic tactics, you can navigate the labyrinth of studies like a pro. So, gear up, put on your explorer's hat, and embark on a learning adventure like no other! Read Also: Strategies For Effective Math Note-Taking In IB Mathematics Things You Need To Know About Online Statistics Studies Tips on writing better case studies

5 tips for college students on how to begin investing using pocket money

1. Start saving from yesterday :

2. Low-risk investment options are your best friend :

3. Assess and evaluate your risk and margin estimate :

4. SIPs – The future :

5. Be patient and do your research :

Using the aptitude test for hiring a Pilot

How Can Critical Thinking Help In Your Daily Life?

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Related

What Is STEM Education

Using the aptitude test for hiring a Pilot

What To Do If A Student Does Not Cope With Studies?

5 tips for college students on how to begin investing using pocket money

1. Start saving from yesterday :

2. Low-risk investment options are your best friend :

3. Assess and evaluate your risk and margin estimate :

4. SIPs – The future :

5. Be patient and do your research :

Share this Article

Using the aptitude test for hiring a Pilot

How Can Critical Thinking Help In Your Daily Life?

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related