Millennials say real estate investing is one of the best ways to build wealth, and you don't need a ton of time or money to start
It turns out millennials aren’t as obsessed with crypto as we thought.
According to a new survey from Bankrate, over one-third of millennials say real estate is the best way to invest money they won’t need for at least 10 years, more than the share of millennials surveyed who prefer stocks, savings accounts and certificates of deposit (CDs), gold, bonds, and cryptocurrency.
Real estate can be a very lucrative investment at any age, but usually requires a huge time commitment and lots of cash – or very good credit – to get started. For busy millennials with less cash to spare, a real estate investment trust (REIT) may be an easier place to start. REITs are a good option for diversifying an investment portfolio, as they represent an entirely different asset class than stocks and bonds.
Read more: https://www.businessinsider.com.au/real-estate-investing-for-beginners-how-to-invest-in-reits-2019-7
According to a new survey from Bankrate, over one-third of millennials say real estate is the best way to invest money they won’t need for at least 10 years, more than the share of millennials surveyed who prefer stocks, savings accounts and certificates of deposit (CDs), gold, bonds, and cryptocurrency.
Real estate can be a very lucrative investment at any age, but usually requires a huge time commitment and lots of cash – or very good credit – to get started. For busy millennials with less cash to spare, a real estate investment trust (REIT) may be an easier place to start. REITs are a good option for diversifying an investment portfolio, as they represent an entirely different asset class than stocks and bonds.
Read more: https://www.businessinsider.com.au/real-estate-investing-for-beginners-how-to-invest-in-reits-2019-7
Comments
Post a Comment