Letters to the Editor
Learning to invest early
November 14, 2024 00:00:00
Starting to invest as a student offers a valuable opportunity to build a secure financial future. Despite their limited budgets, students can begin with small amounts, allowing their savings to grow over time.
Firstly, students should set aside some money and consider investment options like mutual funds and fixed deposit schemes (FDRs). These options are low-risk and offer a simple way to invest in a range of companies, which helps diversify and reduce overall risk.
There are also mobile apps like bKash, Nagad, and other platforms that make it easy to save and invest, starting with as little as BDT 500. By investing small amounts each month, students can steadily build their savings and grow their investments.
Ultimately, consistent investing and careful financial management can pave the way for long-term financial success. If students start investing early and continue adding to their investments regularly, even small contributions can significantly improve their financial standing over time.
Nishat Kabir
Student
North South University