Three best choices of long-term investments for millennials.
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Nowadays, investments are not only attracted old people but also millennials. They are starting to try this beneficial activity for a better future. What are the best long-term investments preferred by millennials? Here are the lists.
1. Gold
It is no longer secret gold is one of the most popular investment choices in all communities including millennials. According to financial experts, coins or bars are perfect for (gold) investments.
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As a long-term investment, both coins and bars have their own advantages and disadvantages. For example, (gold) bars are free for printing costs minimum of one kilogram and free from 10% tax while coins are added 10% tax because they include to jewelry.
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2. Property
Property in form of land and building are important things people always need in near future. The property includes non-liquid investment, which means any kind of property is not easy to be sold specifically if you need fast money. However, the property can be used as an income source while you are retiring from your job.
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3. Insurance
Insurance is very useful to get the rid risk of financial losses if some unfortunate event happens in near future. For example, education insurance can be used for future children which happens to increase every single year. Or maybe health insurance if one day you or other family members sick and requires to pay a lot of treatment costs.