Chris Linkas is an expert financial think tank that is behind many of the decisions in Europe. He had been appointed as the European head of Credit since 2003 and his solid reputation does not disappoint anyone in the financial industry. He holds a great burden of being the head of the European Credit Group, but he still follows financial principles that he learned at a young age to keep stability in the organization.
Many of Chris’s investment tips, for younger folk with small investing capital, is more about common sense than advanced market knowledge. Your 20s is a critical time when you are likely to start a career and make other important life decisions. These decisions will impact your future, all the way up to retirement (RelationshipScience). This is why Chris believes it is a time to maximize growth and save money instead of thinking about high-risk investments.
Keep those expenses low
In reality, living expenses are not that expensive in most places in the world if you learn to simplify your life. There is no need to rent in areas of a prime real estate during your youth since these areas are geared towards those with well-established careers.
As far as food goes, learn to cook at home to save money. Eating convenience foods or at restaurants is simply a luxury that should be reserved until you have a higher income. The yearly difference can mean hundreds, if not thousands of dollars in saved money from just food. This includes coffee or tea, which can be prepared at home in bulk for just pennies a day.
For transportation, look at the bare minimum in what you need in life. If public transportation is sufficient in the area, stick to using that. The cost and liability risk of driving a car in your youth is too high if your income is unstable. Of course, you should invest in a car if it is the only reliable means of transport or if your job requires you to drive.
Where to invest your money while young?
If you are straight out of college and living paycheck to paycheck, forget about stocks or high-risk investments. Borrowing money to put into the stock market worse than gambling in a Casio. Live within your means until you build up capital.
If you are a little older with a stable income and a college degree, you may want to start thinking about market investing. Managed funds, like hedge funds, are a great way to get safer returns if you are not savvy about the stock market. If you have a decent amount of capital and you want to go solo, follow the stocks of great investors like Warren Buffet and emphasize on stocks with high dividends (https://www.companiesintheuk.co.uk/director/10813158/christopher-linkas).
The safe way to go about long-term investing is thinking about it as a retirement fund. Dividend stocks and retirement accounts are the way to go for safe wealth preservation until an older age. There is also speculative value in precious metals but it should be bought in physical form rather than shares.
Invest in Yourself
When you are young and without any sort of reputation in the world, this is the time that you should be investing in yourself. This means that a college degree, certification, or professional training is worth much more than gambling with Bitcoin.
Securities, real estate, and other investments should mostly be considered once there is a source of stable income. Obtaining a job is much easier with a college degree and a good education is priceless.
Where are the Experts Investing?
Chris Linkas is experienced when it comes to investing so he knows where the trends are. His investments still remain close to home in Europe, but he especially has an interest in the UK, Switzerland, and Greece. Prior to his career in Europe, he had been involved with a commercial real estate in a New York-based firm. His career in the United States had mostly to do with opportunistic debt and equity real estate investments within the continent.
He also did well with non-performing loan investments. The NPL sector of finance requires a lot of financial aptitudes to make it a highly profitable venture. One must know the different market cycles and complexities to hold out for the potential long-term return. Many NPL investors will use third-party services to try and collect on these loans in order to quickly make a return.
Linkas also prefers to diversify his investments among multiple industries, assuming that the companies have promising prospects. Some examples of his investments include renewable energy, shipping, and commercial real estate. Of course, there is always the expectation that companies can go under or get taken over but he mostly does not give up on most stocks that slightly underperform.