It is always a good idea to start an investment on young age. You can use more time, and by the time, you can earn more from it. But first, you need to start investing on the right thing. You need risk management and stability first before you are ready to handle more. Here are the best investments.
You can do for the traditional or Roth IRA. It has security, minimal taxable interest, and stability.
#2. Treasury Bonds
The growth is slow. However, it is pretty secure and you can cash it after ten or twelve years.
#3. Equity Mutual Funds
You will earn long term growth and a little additional income too. Plus, the fee is manageable.
It offers you total security and control on your money. Get a certificate of a deposit for your money is wise.
#5. Green Fund
Invest on green companies socially noticed by the government. It gives you a real run.
You can start investing your money on one of the available options. It is better to start one by one. Then, when you are still able to, you can enrich your investment with the other options. Early start is the best thing. Give it a try.