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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The Benefits Of Modular Classrooms In Education

In a world where children dream of fun camping trips and exciting days at the pool, why not infuse their educational journey with a dose of creativity and flexibility? In the ever-evolving landscape of education, innovation is the key to unlocking brighter futures for our students. Modular classrooms stand out as the optimal learning environments that foster growth, adaptability, and collaboration. Gone are the days of traditional brick-and-mortar structures that limit educational possibilities. From elementary schools to universities, many educators nowadays turn to flexible and sustainable modular classroom building. Whether you're tired of the same old classroom routine or just someone who's fascinated by the blend of architecture and education, these structures are worth checking out. Thanks to the durable materials and high-quality construction, they can handle the wear and tear of everyday school life with ease. Fast Construction Regular construction is such a pain - the noise, the dust, the never-ending wait. Well, with modular classrooms, all those headaches disappear. These structures are prefabricated off-site, which means while the building's being built, your school life remains nice and peaceful. No more dodging construction zones on your way to class! And once they're done with the construction, they deliver them to your school ready to go. It's like a huge puzzle that's already been put together! You don't have to wait months and months for the building’s completion. So, how fast can you build a modular classroom? You can have a brand-new structure up and running in just over two months! No more waiting around for ages, dealing with construction delays, and counting the days. So, whether your school needs to accommodate a growing student population or wants to create a flexible space for different activities, modular is the answer! Cost-Effective Traditional construction can be a money drain. From hefty material costs to never-ending labour fees, it often leaves schools scratching their heads and digging deep into their pockets. But with modular classrooms, it's a whole different ballgame. They build these structures in a controlled environment, which means less waste and more savings. And since they’re built in record time, you save on labour costs. Less time on-site means less money spent on construction workers. With these buildings, you can avoid the headache of unexpected expenses that often pop up in traditional construction, such as surprise repairs or delays that can send the budget skyrocketing. Their streamlined process keeps things predictable and budget friendly. So, whether you're on a tight budget or a savvy spender who loves getting more bang for your buck, these classrooms are the answer. You don't have to break the bank to create a top-notch learning environment! Sustainable Eco classrooms are built with sustainability in mind, using sustainable materials and energy-efficient features. Since the construction happens off-site, they produce way less waste than traditional construction. The manufacturer carefully selects the materials to minimize their impact on the environment. A modular classroom building will also reduce energy consumption. With proper insulation and ventilation, they keep the temperature just right without overloading the AC. That means lower energy bills and less strain on the planet. Modular structures are like the eco-warriors that come to the rescue. They’re built to last, so they reduce the need for constant repairs and replacements. This way you’re investing in a sustainable future for generations to come! Minimal Disruption With modular buildings, the noise, the dust, and the blocked pathways that drive everyone crazy are a thing of the past! Since they're built off-site, all that noisy construction stuff happens far away from your school. It's like the construction zone is in a secret location, away from all the daily hustle and bustle. So, your students can continue learning and your teachers can continue teaching, without any interruptions. And when they're ready, they just deliver the completed structure right to your school. No more waiting for months and months for a building to rise from the ground. The assembly process is super quick and efficient. It's like a well-coordinated dance – they bring in the pieces, fit them together like a jigsaw puzzle, and before you know it, your brand-new classroom is ready to roll. Say goodbye to blocked paths and detours that can feel like a maze. With modular classroom buildings, it's smooth sailing all the way! Customisation Every school is unique and has different needs. This is why you need a super flexible structure, so you can customise it to fit your school's personality and requirements. From the layout to the colour scheme, it's all in your hands. You can go wild with your creativity and create a space that reflects your school's vibe and values. You can choose the number of rooms, the size of each one, and even the configuration – it's like building your own educational paradise! Want big windows to flood the classroom with natural light? You got it. Fancy a cool outdoor deck for some fresh air learning? No problem. The possibilities are practically endless! Plus, the manufacturers understand that schools change over time. Maybe you need to expand in the future or reconfigure the rooms for a different purpose – not a big deal for modular structures. They're the shape-shifting transformers of education! Mobility Sometimes schools are expanding, relocating, or just trying to keep up with the changing educational landscape. If your school needs to move to a new location, modular classrooms are your trusty sidekick, ready to pack up and hit the road. It's like having a portable structure that you can take wherever you go! And this mobility doesn't mean you're compromising on quality. These structures are built to the same standards as traditional buildings, so you're getting durability, comfort, and flexibility all rolled into one. The mobility also means you can repurpose these classrooms. Need a new science lab or an art studio? No problem! It's like having a classroom that's always up for a makeover, no contractor needed. Bottom Line From their rapid construction that saves time and reduces disruptions to their cost-effectiveness eases the burden on school budgets, these modular classrooms have proven to be a game-changer. Their flexibility and customizability empower schools to create learning spaces that reflect their unique vision and adapt to ever-changing educational needs. Moreover, their sustainable design showcases a commitment to both student growth and environmental responsibility. These buildings embrace innovation and pave the way for a brighter future in education! Read Also: Enhancing Nursing Education: A Detailed Guide To Performing Head-To-Toe Assessments With Goreact Creating Educational Materials? Find Out Why Foreign Language Versions Are Essential SAP Hana Training Courses And Their Importance In IT Industry

Best Uses of Micro learning Based Training

Microlearning is a modern learning technique based on short nuggets of information, focused on meeting a specific learning outcome. In other words, the purpose of the learning process is to acquire a specific skill that you will use in the near future. The bite-sized format of the courses makes it easy to retain new information, and it allows even the busiest people to learn new skills in their own time. While this learning technique can be applied to any subject, it has proven itself particularly efficient in a few specific situations. For corporate training : Corporate learning is usually based on a formal training model. However, microlearning can successfully be used in corporate environments in order to reinforce or supplement the primary training. This learning method is very successful in agile environments, it has low costs, it is easy to update and it can be applied for both formal and informal training. It can also be a great tool for compliance training courses, such as Health, Safety, and Environment courses. For learning a new language : Nowadays, most, if not all, language learning apps are based on micro lessons. The most popular language-learning app and the one that makes the best use of the microlearning concept is Duolingo. Not only does Duolingo use micro-lessons for written content, but it also uses them for speaking, listening and translating exercises. This app also uses gamification as a way to motivate and engage learners. For retail training : The retail industry is having a hard time at the moment, as online stores have become a serious competition. Not only that, but modern customers are a lot more informed than they used to be, and store employees need to be properly trained to help these new, discerning customers. Microlearning can be a flexible and cost-efficient solution for training store employees and keep them up to date with daily changes. the app is one of the few learning applications that address the particular needs of the retail industry. While EdApp’s user-friendly format allows it to be used for any topic, retail training is one of the most popular app microlearning ideas. The main reason why EdApp is so efficient is due to its intuitive authoring tool, engaging gamification, and analytics tool that helps monitor and improve the learning experience. For developing soft skills : Personal development is a very popular topic at the moment, as more and more people realize that you need more than just hard technical skills in order to be successful. Since learning soft skills require more practice than theory, they can be easily learned with micro lessons. This way, the learners can learn new skills fast, and they have all the time in the world to practice them in real life before they move on to the next lessons. Communication and time management are the most sought after soft skills of the moment and there are numerous learning apps that address these particular skills. To supplement traditional education : While mobile learning seems to be the enemy of a traditional educational system, it doesn’t have to be one or the other. Many learning apps can successfully be used in classrooms, and the ones that use micro lessons are particularly efficient in keeping the students engaged and motivated. As a teacher, you can use an app with an intuitive authoring tool such as EdApp in order to create your own bite-sized lessons, or you can use an existing learning app such as Duolingo or TED-Ed to make your teachings more relevant and more engaging. Read More : Benefits Of Using Technology To Ace Your Physics NEET 2018 Notification Delayed: Is It Due To MCI Amendments?

Top Five Tips on How to Succeed in University

If you want to succeed in University, you can take certain steps to improve your experience. It can be overwhelming to juggle your schoolwork, your job, and your social life, but if you are organized and follow this advice, you will find it to be manageable. You can keep a schedule and use an essay writing service to help manage your time, and if you plan out your semester, you will find that it falls into place more easily. Continue reading to learn the top five tips on how to succeed in university. 1. Make a Schedule: One of the best things you can do is create a schedule to make sure that you get your assignments done on time. Your professors will give you a syllabus, so you will know what assignments are due throughout the term. You will know when your exams are scheduled and when you have papers due, which makes it easy to create a schedule. You can plan ahead and start working on more difficult assignments before they are due so that you have enough time. Making a schedule will also help you if you are trying to make your work schedule and your social plans. 2. Get Help When You Need it: It can be intimidating to ask your professors for help, but they often have office hours set aside specifically to help students. If you have questions about an assignment or any difficulty understanding the material, your professors will be happy to meet with you. If you find that you are struggling, you can ask your professor for help before you get behind. 3. Focus on the Important Assignments: When you are in University, some of your classes are general requirements. You may have more work than you can handle some weeks, but you need to stay on top of it. If you have too much to do, you can use essay writing services to get some of your work off your plate. These professionals will follow the directions exactly and make sure that you have your work ready to turn in on time. This way, you will be able to stay focused on the assignments that are in your major. 4. Make Time for Your Friends: No matter how busy you are, you need to make sure that you have time for your friends. It is easy to get caught up in your assignments and feel as though there simply isn’t any time. However, it is important to take some time for yourself. When you make your schedule, set aside time each week to let off steam. This gives you a chance to recharge and reset so that you will be more focused when it is necessary. 5. Learn How to Take Great Notes: When you are in class, it is important to learn how to take great notes. Your professors will share information they expect you to know when you have your exams, and you will be better prepared if you have notes. Learn how to listen to your professors and determine what they find important. This will help you prepare for your exams. Read Also: 3 Tips For University Application Worldwide How Education Powers a Better World? Benefits of Vocational Education

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

The Benefits Of Modular Classrooms In Education

Best Uses of Micro learning Based Training

Top Five Tips on How to Succeed in University

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?

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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