As young and energetic as you are in your mid-20s, you can expect a slight change of perspective in financial undertakings as you get older. Some say that attitude to risk can change with age. You are more likely attracted to longer term and higher risk investment options when in a younger age bracket, compared to someone who is getting close to retirement.
With a stronger sensitivity to financial investments, here are the top investments you should have as you reach the age of 30:
Despite economic challenges, a number of global investors prefer Australian real estate, which serves as a safe haven for capital. They find these properties as a good investment in a well-regulated and highly transparent growth-oriented market for doing business. With the introduction of the Managed Investment Trust Regime in 2008, global investors flock to the Australian real estate market as some foreign investors qualify for a concessionary rate of withholding tax.
At the age of 30, you can utilize one of your unit sites while benefiting from the economic advantages in the Australian real estate market. Whether with a duplex or multi-unit development, an estate company like VisionOneHomes.com.au and other property developers in Perth can help you grow your investment and expand your assets.
2. Classic cars are a golden investment.
Classic cars are a golden investment, they say, as they offer a surefire return. A survey from The Knight Frank Luxury Investment Index (KFLII) in 2013 revealed that classic cars outperformed traditional collectable investments, including gold, jewellery, wine, watches and furniture. The report suggests that classic car asset value rises to 28% while the value of gold drops to 23%.
With a dynamic market like this, you can invest in vintage yet functional cars. If you can find an excellent vehicle, it’s a good investment and not a short-term money spinner.
3. Retirement plans
The younger you are, the less you can be thinking about your golden years, and the less you are saving for those years. At the age of 30, you should, however, start preparing your retirement plans. This can give you more time to prepare gradually for financial shifts along with other expenses, including your child’s education, daily expenses, and even luxury goods.
Engaging in exciting investments is an indication of a development in your life as you turn a year older each year. Make sure to put your hard-earned money in good investments which are secured and can give you real long-term benefits.