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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15 Historical HBCU Facts You Didn’t Know

Historically Black Colleges and Universities, or anything related to the HBCU facts, are exciting news. Not only are they a huge part of U.S. history, but they also provide excellent opportunities for today’s students to thrive and succeed. While most people know, or can guess, that HBCUs were formed around the time of the Civil War as places for formerly enslaved people to earn an education. This is true, but there is so much more to the history and historical figures behind HBCUs. In fact, there is quite a lot about the history of HBCUs that most Americans don’t know. 15 Historical HBCU Facts You Didn't Know Let’s take a look at 15 HBCU facts that you may not know but will appreciate learning more about. Across the United States, there are more than 100 HBCUs. Alabama has the highest concentration of HBCUs, with 15 schools in the state. Atlanta is the city with the highest concentration of HBCU facts, with nine schools in the city. The Cheyney University of Pennsylvania and Lincoln University are the oldest HBCUs in the U.S. Chyeney was founded in 1837. Lincoln was established in 1854. 75% of Black Americans with doctorate degrees earned their undergraduate degrees from HBCUs. More than 80% of Black Americans with degrees in dentistry and medicine graduated from Howard University or Meharry Medical College – two HBCUs. 5% of Black officers in the U.S. Armed Forces earned an undergraduate degree from an HBCU. 80% of Black U.S. federal judges earned undergraduate degrees from HBCUs. HBCUs are leading institutions in STEM fields, including science, engineering, mathematics, and physical sciences. In fact, HBCU facts, are responsible for one-quarter of all Black STEM graduates. Students who graduate from HBCUs are more likely to complete graduate school or professional training. Around half of the Black faculty members at White research universities earned undergraduate degrees from HBCUs. A Gallup-Purdue University study reveals that Black students report more meaningful educational experiences at HBCUs than their peers at other colleges and universities. Black HBCU students reported in a survey that they are more likely to recall instances of feeling supported by faculty members. Notable Graduates 8 Impressive Black Americans In The History In addition to these HBCU facts, we must mention just how notable HBCU alumni are. Some of the most impressive Black Americans in history attended HBCUs. Some examples: Booker T. Washington – educator and advisor to several presidents – attended the Tuskegee Institute, later called Tuskegee University, in Tuskegee, Alabama. Martin Luther King, Jr. attended Morehouse College in Atlanta, Georgia. Joycelyn Elders, the first Black American Surgeon General of the United States, attended Philander Smith College in Little Rock, Arkansas. Katherine Johnson, a NASA employee, credited with critical calculations that made the first (and subsequent) space flights successful, attended West Virginia State University, located in Charleston, West Virginia. Lonnie Johnson, a NASA engineer, and creator of the Super Soaker toy graduated from Tuskegee University in Tuskegee, Alabama. Nobel Laureate and author Toni Morrison attended Howard University in Washington, DC. Starbucks Chief Operating Officer Rosalind Brewer attended Spelman College in Atlanta, Georgia. Reverend Jesse Jackson attended North Carolina Agricultural and Technical State University in Greensboro, North Carolina. The first female Vice President of the United States, Kamala Harris, attended Howard University in Washington, DC. As you can see, there is a lot to learn and learn about HBCU facts in the U.S. Not only are they deeply rooted in history, but they continue to produce incredible graduates that are changing the world. If you are considering colleges or universities for undergraduate or graduate studies, now is a great time to consider HBCUs. At a time when diversity and equality are at the forefront of Civil Rights, HBCUs continue to support variety within the educational system. Conclusion: These all of the HBCU facts give you an excellent idea about the future perspectives of the US. Even after the black freedom, there were separate schooling systems for blacks and whites. When you want to develop a unique race, you have to mix up the children from different races. As the students and youths, they are always making a historic symbolic movement for the rest of society. And these facts are proof of these historical movements. Read Also: 4 Emerging Trends in the Education Sector Top 6 Reasons Why Professional Qualification Courses Are The Best Way To Learn

7 Reasons why Online Education is Very Popular

Since its inception, online education has been growing faster and faster. While the benefits of receiving an education in person are obvious, what reason do thousands of students have for getting degrees online? Teaches Aid Training Adapt Education put together this list of seven reasons why online education is so very popular. 7 Reasons why Online Education is Very Popular: Flexible Scheduling: Regardless of a student's age, flexible scheduling is a huge factor in seeking education online. Since students are not expected to attend class in person, coursework can be done while the kids are at school, during breaks at work, on the weekends, or whenever coursework is convenient. This allows students who work full time to advance their education in their free time without struggling to cram classes into a work week. It is also great for parents who balance their own schedule with the schedules their children keep. Students who find that they have a difficult time making it to classes can also benefit from a more freeform schedule, taking assignments and lessons at any hour of the day that is convenient. Affordability: Many online programs also offer a much more affordable alternative to traditional "brick and mortar" institutions. Online colleges only need to pay for instructors, software, and support staff rather than spending money on maintaining buildings and internal technology like computers and printers. This cost reduction is passed on to the student in the form of reduced tuition. Indirect costs to the student such as transportation and room and board in a dorm are also reduced. According to My College Board students at a traditional university can expect to pay an average of $10,089 (USD) to live on campus. This also means a lower initial investment for students who are considering changing fields or just want to take classes to expand their knowledge of a subject. Many students change degree programs after taking a few classes, and online education makes for a financially lower risk way to try out a topic before committing. A Variety of Topics and Modes: Often, students will visit a nearby educational institution and be disappointed by the degrees or topics offered. An added benefit of online classes is that students have a world of choices and opportunities at their fingertips. If a specific topic is not available at one institution, the student can find another from a myriad of online degree programs. Just about any class, a student might want is available online through some college or another. Because the educational institution does not have to bother with physical facilities, it is also much easier to offer a wider variety of topics for students to study. Schools can draft professionals from all over the world to teach classes as well, without having to convince them to relocate. The formats of the classes are also highly varied, with classes that are completely self-paced and automated, or with weekly assignments. Some faculty also offer video chat consultations and discussions for students who benefit from live interaction, which leads to the next benefit. Adaptability to a Students Personality: Not all students thrive in the environment of a classroom. For students who are particularly shy, an online environment may seem more comfortable. Many online classes are structured so that students interact with one another mainly through discussion boards rather than meeting face to face. Those who are more outgoing are also thrilled by the premise of making acquaintances and friends from far away, especially if their educational alternative is in a small town nearby where they may already know many of their classmates. Improving Technology: In the early days of online education, many thought it was more of a hat trick than an effective learning tool. These days, everyone knows that online education comprises a huge portion of the degrees offered around the world. Improving technology has largely facilitated this change. Thanks to the increased availability of high-speed internet, better computers, online archives and catalogs, and learning management systems, online learning has become incredibly easy to use. Many online classes also have excellent accessibility for students who have disabilities thanks to improved and widespread technology. This progress is not stopping any time soon either, and each year educators improve their online curriculum and pick up new pedagogical tips on making use of the great tech most people have at home. Pacing: In traditional education, the plan for a students coursework follows a traditional path. Each student takes a certain number of classes each semester and moves on. If the student fails at a topic, the course has to be repeated causing delays that can be costly for them. Since online coursework can be done whenever a student likes, there is less pressure to rush through difficult topics. If a student knows that he or she struggles with a topic or needs extra time due to a learning disability or other problem, they can opt for completely self-paced classes with no set start or end date. This removes the pressure to pass with a minimum grade and instead promotes deep learning of topics. Building Discipline: While students who meet weekly in person are constantly reminded of deadlines and assignments, online students are usually expected to be more self-sufficient. Although online classes typically have a system of reminders, there is no assigned time for students to work. This means that students become self-disciplined and are very motivated learners. According to this list by the University of Minnesota Mankato, self-motivation and time management are requirements of online learners. When looking for job opportunities after completing their education, these traits are highly valued in almost every field. Regardless of the subject studied, online education inherently comes packaged with relevant job skills. Conclusion: While each student has his or her own reason for seeking education online, these seven reasons are a great start. If you are still interested in what online education has to offer, take a look at the programs offered by Adapt Education. Read Also: Effective Contribution Of Educational Apps Why Are More People Heading To Online Colleges? 7 Reasons Why Your Child Is Underperforming In School Academic Writing For UK Students – Why It’s Important?

8 Important Benefits of Tutoring for Your Child

As of the 2015-16 school year, the graduation rate in the U.S. was 84%. If that sounds pretty good, it's because it is. But, there's one area of education where kids still struggle -- STEM. Science, technology, engineering, and math industries are growing. In fact, it's expected STEM jobs will increase significantly by the year 2020. The Dept. of Education is going all-in on these crucial fields. In 2018, the DOE invested $279 million in STEM grants. Parents can help, too. How? With professional tutoring. The obvious benefit of tutoring is your child is more likely to get good grades. But what if your child already gets good grades? Are they being challenged? Are they developing critical thinking skills? Believe it or not, there are benefits of tutoring that go beyond grades. Take a look at eight of them below. 1. Child Gets Individual Attention: The average class size in the U.S. is 21.6 students. Doesn't sound too bad, but again, that's the average. States like Oregon come in with 26.7 students per classroom while Vermont averages 16.7. Even at 17 students per class, that's for one teacher. Doesn't a ratio of 1:1 sound much better? The advantage of tutoring is that your child gets individual attention. You can opt for a group-type tutoring program but most professionals offer one-to-one learning. 2. Distraction-Free Learning: It's easy for kids to get distracted. It happens quite often. With 20 others students in the class, it just takes one to throw off your child's focus. In a tutoring program, your child is able to focus on their work. They're able to invest 100% of their attention into each lesson plan. There are no bells ringing, kids laughing, extracurricular announcements -- it's only your child and their tutor. 3. Child Grasps Concepts at Their Own Pace: School districts and schools devise year-long lesson plans. There are certain criteria teachers need to cram in every week. There have state testing and subject exams to prepare their students for. But not everyone is ready to move on with their class. Some kids struggle during one area of a subject. In school, it's a bit of sink or swim. Tutoring allows them to take the time they need to understand the content. They do it at their own pace. For example, programs like Mathnasium draw up individualized plans that ensure your child understands what's taught in class. 4. Encourages Good Studying Habits: You encourage your child to pick up a book and study. Sometimes, they throw a fit. Other times, they may flat out refuse. Many kids don't like studying because they don't know how to study. Tutors give your child the tools they need to study more effectively. They'll learn study strategies for making the most of their time. You'll start to see your child is more organized. They'll have a study plan. They'll start learning and using active listening skills. You'll start noticing they find quiet places to study and do their homework. These are all behaviors they'll learn through tutoring. The chose online tutor or teacher should be flexible to work with your schedule and learning style. 5. Challenges Advanced Students: Tutoring has a bit of a negative connotation in the sense that people think it's only for struggling students. The truth is, tutoring is for everyone. The same way some kids fall behind, others jump ahead. Just like teachers can't abandon entire class plans to devote all their time to a struggling student, the same goes for those who are ahead. When a child gets ahead of the class, they can get bored. Parents enlist tutors to keep gifted children motivated. Because of the individual learning plans, the tutor will design lessons that challenge them. This keeps them interested in school and out of trouble. 6. Helps Children with Learning Delays: Not all students struggle because they don't understand what is being taught. Some children can't understand lessons due to learning delays. Yes, there are special education programs in the U.S. But, not every child has a medical or psychological diagnosis. In some cases, even when they do, the school district may not have a program designed to help their specific delay. Tutoring is a way to combat this issue. Some tutors are teachers who retired. Others have special qualifications to help kids with delays. This means they're able to assist your child to understand the concepts getting taught at school. With the individual plan and the ability to learn at their own pace, children with learning delays benefit greatly from tutoring. 7. Beats the Summer Blues: Every spring, your child starts to get a little antsy. They see the school year is winding down and may even mark the last day on their calendar. Their brains start focusing on summer fun. You may have done the very same thing when you were their age! Over the summer, we tell ourselves our kids need a break. They've worked hard all year and deserve a few months off. Except, the next grade rolls around and they're a little rusty. Without the constant pressure to read books and work on math, they regress a bit. It's called "summer learning loss." One way to ensure your child isn't affected is through summer tutoring. It's a refresher and primer course all in one. They'll go over what they learned in the previous year and get ready for what's next. 8. Improves Self-Esteem: One of the biggest benefits of tutoring -- if not the biggest -- is it improves self-esteem. Kids are sensitive. When they're struggling in a subject everyone else grasps, it makes them feel bad about themselves. They shouldn't -- everyone struggles at some point -- but it's hard to explain that to kids. Tutoring helps remove these feelings. Your child will start to see that no one's perfect. Everyone needs a little help sometimes. They'll also start to believe in themselves when they conquer challenging lessons. Over time, their confidence will grow. You'll see their grades start to improve. This boost in confidence may carry over to extra-curricular activities or social situations. Consider the Benefits of Tutoring: The benefits of tutoring go beyond grades. Tutoring improves how your child learns. This gives them the confidence to overcome obstacles -- both in school and out. It's important you know the proper steps to take to ensure your child has the best chance to succeed. Tutoring is one of them. Another one is knowing different learning methods. Check out four emerging trends in education. Read Also: 10 Effective Homework Tips For Your Kids 5 Strategies For Parents To Help Kids With ADHD Perform Better At School

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?

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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

15 Historical HBCU Facts You Didn’t Know

7 Reasons why Online Education is Very Popular

8 Important Benefits of Tutoring for Your Child

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 :

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Using the aptitude test for hiring a Pilot

How Can Critical Thinking Help In Your Daily Life?

Tags

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

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