Your twenties and thirties are the best time to experience many pleasures in life. So, it is okay to splurge your money on indulgences and adventures.
At the same time, it is important to start thinking about finances seriously at an early age. This comes with numerous advantages in addition to giving you more time for experimentation.
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So, what are the best investment ideas in Australia for youngsters?
1. Stock Market
As a young investor, you will have more time to let your stocks grow. Besides, investing in stocks does not require a vast amount of money, as in the case of, say, real estate. You can get started with only a few hundred dollars.
It comes with several benefits, including the potential to earn dividends. On the downside, stock markets can be volatile, so the ROI is not always guaranteed. To decrease the risks, you need to study the market and diversify your portfolio constantly.
2. Cryptocurrency
Cryptocurrency is one of the most trending topics on the internet. So, no wonder it is becoming a preferred form of investment for youngsters worldwide.
It is one of the best investment ideas in Australia, owing to its growing relevance in the modern world. Although it comes with certain risks, it has a higher potential for huge returns.
Bitcoin, referred to as digital gold, is a fantastic choice. Yet, it is wiser not to restrict yourself to one cryptocurrency. You can explore other options such as Ethereum, Litecoin, Polkadot, Dogecoin, Binance Coin, and Stellar.
3. Property
The real estate market in Australia is quite hard to break. Besides, the prices of properties are a lot higher than in overseas markets. Yet, if you have enough money, it can be an excellent choice.
It is crucial to consult with property managers, accountants, mortgage brokers, and financial planners during the process. Further, do your research relentlessly and pay immense attention to detail. Some of the things you must consider here are:
- Growth aspects
- Local market scenario
- Future sale value
- Ways to increase the property value
- Commodities
Commodities are agricultural products and raw materials whose value depends on the supply and demand on a global scale. There are four major types of commodities, and they are as follows:
- Agriculture
- Energy
- Livestock
- Metals
Investing in commodities may not sound as lucrative as cryptocurrency, yet it is an excellent option. It is a reliable way to make money in the long term.
Metals are one of the most stable of all the major types of commodities. Further, gold, silver, platinum, and other precious metals are excellent ways to build wealth.
5. Peer-to-Peer Lending (P2P)
Peer-to-peer lending is a fast and convenient way to make more money. It allows you to lend money to people or businesses at competitive interest rates. Most of these lending happens on online platforms that connect the lenders and the borrowers.
As a lender, this platform will either allow you to choose a borrower or directly connect you with one. Then, you can decide to lend your money which the borrower will pay back with interest at the agreed time.
Key Takeaways
When it comes to investment ideas in Australia, the riskiest ones have the highest ROI. As a young investor, you will have the opportunity to take on riskier moves. You will also have enough time to recover if something goes wrong.
It is crucial to stay updated and organised throughout your financial journey, no matter which investment option you choose.
Naveen 
admin