Most people believe that they have to be rich to have any money to invest. It’s a common misconception given that the wealthy DO tend to invest their cash. Here’s the thing: it’s something you can do, too – and you don’t even have to put your money in the stock market. There are so many more places you can invest cash that will give you huge returns, and these could set you up for life when done the right way.
As with anything, there is an element of risk when you are investing your money. There are a variety of benefits, timelines, and interest rates to work with, and your decisions will depend on how much you know about investments. It’s for this reason that you have come to this article! You have some cash as a first time investor, and you’re ready to put your money where your mouth is. Let’s take a look at safe and profitable places to put your cash!
- Real Estate. The easiest way to invest money – well, in theory – is in real estate. You do need a significant amount of money to invest, but it’s the market that can make you big money if you go about it the right way. You can make your fortune by buying up, doing up, and selling on, or you could purchase with the view of renting out. It’s up to you, and you can even hire someone to do it for you!
- Gold. While you won’t be panning for it yourself in the mines, gold is still a lucrative investment in today’s economy. It’s an asset with real value, and with companies like ABC Refinery on your side, you can invest well. Gold isn’t something you just find in earrings and other jewelry, it also comes in bullion and coin form, and you can keep it in a vault at the bank. The value of gold changes over time, but it’s still worth investing in when the economy is high and selling when the economy melts down!
- Peer-to-Peer Lending. Borrowing from others or lending to others who aren’t banks or loan companies is known as peer-to-peer lending. When you go for this option, you spread out your investments among more than one borrower should you want to you can get started when you hop online and check out the many lending sites. You could lend to others and know you’re giving back when you do!
- Bonds. A common option for investment, bonds are popular with first time investors. These are debt investments where an investor will loan money to a corporate entity at a variable rate for a more extended period. The higher the interest on the bond, the higher the risk, so always be careful about which bonds that you invest in. Always look at the interest rate first.
Investing your money is supposed to be a brand new adventure, so don’t be afraid to dive right in and try something new now.