Economic savings are the need of the hour. Everybody wants to save enough, so that retirement is not difficult and even today can be stress free. For young adults, it is advised that investment planning should commence after graduation or as soon as one gets a job. Young adults have a leverage that they seldom realize. As their career has just begun, different investments can be tried out as they have ample time to correct a wrong one. Here are some of the best investments that young adults can consider. Gold ETF If storing physical gold seems a tedious task, then buying gold ETFs (Exchange Traded Fund) is the closest an investor can get to the yellow metal. ETFs help invest in gold through stock market. The market offers two types of gold ETFs: Gold Stock ETF or Gold Price ETF. The gold stock ETF is linked to companies involved in gold mining and gold price ETF means investing directly in the gold price index. The biggest advantage of investing in gold ETFs is eliminating the stress that comes with the owning of physical gold. Trading in ETFs is pretty easy as they can be bought or sold in minutes online. This is easier than trading physical gold. Term Deposits Another great option to diversify a portfolio is by opting for term deposits. Investors have to set aside a certain amount and lock it for a fixed term. At the end of the term, the money with the interest earned can be withdrawn. The biggest downside of this investment is the locking period of the capital. Money can be withdrawn in case of emergencies but that doesn't benefit the investor. 401 (k) Your career has just started and retirement is almost 40 years down the road. Even so, it is essential that the 401 (k) should be taken seriously. Research says, in the coming ten years the average American won't be able to depend to Social Security alone, and it is essential that their hard-earned money is channeled in various saving tools such as 401 (k) for a secure future. To ensure that the 401 (k) works for you, it is essential to be employed by a company that sponsors such an investment for its workers. Currently, the annual contribution to the 401 (k) is $17,000. Stocks The stock market is considered the most unstable form of investment, yet many management and financial gurus advise investing in it. People are scared of investing in stocks because they are not aware about its functioning. Young adults shouldn't just purchase any high-performing stock. Just because a company is making a billion dollars today, doesn't mean that it won't be filing for bankruptcy tomorrow. Before buying stocks, an in-depth analysis is advised. Even the 'Oracle of Omaha', Warren Buffet writes down reasons for buying a particular stock before he invests in it. Mutual Funds Mutual funds are always considered reliable due to the low amount of risk they carry. The working principle of a mutual fund is extremely simple: An investment company gathers capital from potential investors and purchases financial assets or invests in government related schemes. The best part about mutual funds is that they require minimum investment as the costs of buying and selling the assets is shared by thousands. Mutual funds are usually preferred by investors, as the investment is done under the expert guidance of a fund manager whose paycheck depends on how well the fund performs. Real Estate Experts believe that now is the right time for putting money in real estate. But before pulling the trigger, it is essential to have the basic understanding about it. Real estate is just not trading capital and buying properties. Even the simplest transaction in real estate could take weeks or even months depending on market conditions and the location of the property. First time buyers should start with condominiums or a duplex and investing in large apartments or office spaces should be off limits till the buyer knows everything about real-estate. Roth IRA The Roth IRA (Individual Retirement Agreement) was established in 1997 to help US citizens enjoy a stress free retirement. Contributions made to the IRA are considered 'tax-free' and cannot be deducted from tax returns. This means when you plan to withdraw money from the account, there would be no taxes on the growth of the account. This means huge amounts of money saved if the investor is in a high-tax bracket. In 2001, the annual contribution amount was increased from $3000 to $4000 and in 2008 it again increased to $5000. Investing while you're young is a great way to ensure a better future. There are various types of investments available in the market and it becomes really hard to pick one and call it the best. Potential investors can invest in anything they want to, the important thing to understand are the pros and cons of their decision.