What assets can I invest in at any age?
- George Solotarov
- Hits: 284
As we have already indicated, when it comes to the question of how old it is best to invest, much depends on the asset. Cryptocurrencies are used more often by younger people, while bonds and dividend stocks seem preferable to older investors. But there are a few universal options that can guarantee high returns regardless of social and demographic factors.
Copytrading
Some brokers offer trade copying services. It is when a trader does not trade by himself but copies the trades of another trader (he is called a signal provider). It is not necessary to copy the whole deal: if the provider buys $10 thousand of Apple stock, you can invest only $1 thousand. But his profit will also be higher. If the transaction is successful, you will give the signal provider a percentage of your profit as a reward.
Of course, the deal copying services have internal ratings of traders. Before choosing a provider, you study the rating and find out who has the highest percentage of successful trades and profits. You can select providers according to a certain trading style. Given this possibility, the question of what age you can invest has only one answer - from any legally permitted age. Because copy-trading only requires desire and a little capital.
PAMM accounts
This is a variant of trust management, when several traders combine their accounts and put them under the control of one, more experienced trader (he is called a trustee). The manager makes transactions, using their own assets and the total budget of all participants of the PAMM account. This arrangement allows for receiving more profit, especially if the manager uses leverage. Profit is distributed between the participants in proportion to their contribution.
If to simplify, the PAMM account is similar to copy-trading as you do not trade. It is done for you by a professional. The manager of the account receives his own profit (from his own rate) and a percentage of the profit of the participants, or a fixed amount. Losses can also be divided differently - either equally to all, or most of the losses are paid by the manager. Accounts for investments of this type are profitable, regardless of age and trader's experience.
Also, if you want to use all available trading tools to increase your capital as soon as possible - follow this link below, or contact us via live chat. Our experts will help you to choose the best strategy for success.