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The biggest misconception about savings and investment states that it’s something that should be left for the last phase of your life. Worrying about savings is usually delayed until you’re faced with the retirement crisis. However, it has been proven over time that it’s important for everyone to invest, regardless of their age.

Gold investments are popular among people who wish to secure their savings in a reliable way. But if you’re only beginning to enter the financial market as an investor, it’d help to evaluate what your expectations are. They can be a store of value, growth and returns, or even risk management.

Here’s an age-based guide for investing in gold assets.

Investors: 18 to 30 years old

During this age, you’re either ending college, freshly graduated or on your first job. It’s important to learn how to survive financial pressures at the very start of your career. You may be making major life decisions in near the future like moving to a different city, buying a house or car, or marrying. For all of that, you need funds.

As a novice in the investment playing field, you can look at gold as risk vs. available income. At this age, you have more than 3 decades ahead of you before you’ll retire. This also means a greater allowance to play with risks and take up challenging opportunities.

This makes gold assets make a lucrative option for young investors. Therefore, betting a major chunk of your available income against a gold investment is not a bad idea.

Investors: 31 to 40 years old

By this time, you may be well-settled in a house with a career path that you plan to stick with. You may even have started a family of your mean, and that means additions to your list of dependents and responsibilities.

Unlike in the previous age bracket, you may not have much of your available income left to invest. You can only tread with caution on the path to developing an investment portfolio. With a fraction of the disposable available to invest, you won’t be keen on taking drastic risks.

Investing in precious metal offers just the safety you’re looking for. Even though it’s a non-income-generating investment, it can still help stabilize your financial standing over the years leading up to retirement.

Investors: 41 to 60 years old

This is the time when you should start gearing up for retirement. Even if you’re nearing the younger end of the spectrum, it’s highly advised to start devising a retirement plan. Hence, gold bullions, bars and other assets should add to your investment portfolio right about this time.

Gold EFTs are a good option to start with. They’re not necessarily acquired for leverage but simply as a means of acquiring gold to your name. However, this investment option is taxable and you’d be expected to pay a certain amount according to the collectible rate of 28%. If you want to enjoy a tax-free investment opportunity, physical gold holdings in IRAs are a better option.

Whatever you choose to accumulate now, will serve you in the life post-retirement. It’s better to save up considerably to live comfortably in the future.

For any details on investment options and gold assets, our financial advisors are a call away at 1-800-559-0088. Our gold investment company will be hoping to see you onboard, whenever you’re ready to start your journey to a better future.

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