Investing your money is the smartest way to save it. Yes, not all investments will go to plan, which is why you shouldn’t invest what you cannot lose. This doesn’t mean that all investments carry such huge risk, but that you should instead always be able to survive in the absolute worst-case scenario with what you have saved up.
Though, yes, some stocks and investments are risky, most of the ways you can invest your money are relatively safe and secure. Some great places to start investing include:
Today’s money used to be held against gold. It was, in fact, more an IOU than currency in its own right, and this has only shifted recently. Today currency isn’t held against gold, but that doesn’t mean that gold in and of itself is now worthless. It has its own value, and as a physical item you can keep locked away, it can be a great stable investment for your future. You can get started with gold nuggets, which you can buy online from nuggetsbygrant.com.
The stock market can be volatile. If you want to invest in one of the more volatile stocks, you absolutely can. You can even earn a lot of money this way, but once again, remember to only invest what you can lose. The only exception is with “blue-chip stocks”. These stocks are in very stable companies, like utility providers. Their stock doesn’t increase very high, but at the same time, it also doesn’t plummet. They are usually used to help you save up for things like retirement or even for your kids’ college funds.
Big businesses are not as stable as utility businesses, but they can be a great way to get used to the stock market and even make some money. For example, buying some Google stock, or Netflix stock, or other top businesses in the world, can help you earn a little bit as they grow and continue to dominate.
Investing in real estate is usually a great investment, but it is the one that carries the highest upfront costs. There is also a lot to consider. For most people, buying a second property is only doable by renting it out to recover your costs, but know what you are getting into. Changes in the law may mean that you cannot use your mortgage as a cost, for example, meaning that you may even end up owing more than the property brings in.
There are always ways to get around this, but you need to know your options ahead of time. For example, you may need to “own” the property through a corporation so that you can get taxed by business rules rather than personal rules. It can be very complicated, but the fact is if you can manage it, you will enjoy monthly rental payments to you and a very lucrative investment property if you ever need to sell in the future.