On what do we invest to get rich?
Should we invest in properties, commodities, shares or businesses in general to be able to get rich?
In general, a person should invest in what is connected to his/her aptitude, knowledge, or comfort zone that is based on familiarity.
By adulthood, most people know what they are best or really good at, or; they can at least be cognizant of the areas where they hold a relative advantage. Opportunities abound, waiting to be exploited by the opportunist.
You should invest in whatever you know the most about. Many times people will invest blindly based off what other people say, but if you don't know what you're doing yourself, you could lose everything.
With that in mind, the real estate market is expected to jump start in 2011, meaning the time to buy should be between now and then. I wouldn't invest in a small business until the economy revives, unless the business is some revolutionary new service/product. Buying stocks generally won't make you rich over night, and there is the threat of the stock market taking another dive soon. Commodities are extremely volatile, and I would not recommend you invest in them unless you are extremely knowledgeable about the subject.
All in all, I believe real estate and starting your own business is the quickest way to riches if you do it right, but again, don't invest in anything until you've done your homework.
It depends on the circumstances and market scenario as well along with the amount of knowledge that you carry for each sector. Experience, Knowledge and Awareness are what make one a smart investor.
by Dr. Zia Ahmed 5 years ago
Will you invest in share market equity, debt or commodities or hard assets like real estate, farm?This is very difficult market where many investors lost their life life time saving and still in debt. Under this difficult conditions what is your best choice of investment.
by kentuckyslone 8 years ago
Do you think circulated coins are a good way to invest in silver?
by Stacie L 6 years ago
Many folk are worried about the stock markets now and won't invest. is this making matters worse? or is it the best time to invest?
by Jyoti Kothari 6 years ago
In which stocks should one invest at present scenario?
by John B Badd 7 years ago
Is the stock market a good place to invest for your future? What do you think of investing in ...the stock market for both long and short returns?
by Sonali Singh 8 months ago
Which is better. Investing in Shares or investing in Mutual Funds?I want to invest some amount of money either in shares or in mutual funds. Which option would be better?
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