There are many investment opportunities and yet finding ways to be profitable is not easy. What works for one person may not work for others. How do you best use the money you have to build wealth over time. When money is in short supply it is even more difficult. Not impossible.
For me, investing there are fast and slow way. Fast way is always dangerous and worth if you are really sure of the risk. High chance of lost here. There are slow way which like bank investments and that, is worth it when you want to be on the safe side.
I always go for tax free investments when available. For Brits, that'll be ISAs (cash only for low risk), premium bonds, and govenment savings bonds when available.
Try to study about mutual funds, stocks and other paper assets. Investing in a mutual fund is a good start because it has lower risks.
although they are illegal in some places, a properly run brothel can do wonders for one's income flow. One has to manage expenses carefully however, and make sure you don't screw the profits, so to speak.
Other than that, in the early 80s, i purchased 1000 cans of SPAM and put them in my basement. As the world wide economic crash approaches, I am confident that I will be able to resell this inventory at a profit.
you can't do it blindly. have a strategy where you figured out the:
- risk vs. reward (i.e. is it worth your time and/or money?)
- plan to buy or invest (at what price or when?)
- selling Plan A (how much are you willing to lose? 50%? 100%? what signals from a company would cause you to worry?)
- selling Plan B (will you take profits? if so, when and how?)
This should be applied to any investment and even personal financial decisions such as school loans, etc.
Investors have a lot more control in how much risk they take than they realize. That's what separates the pros from the amateurs - taking risk control in their own hands rather than held hostage by their investments.
by alexd1817 years ago
I'm looking for some advice from anyone who has done investing or personal finance planning before. If you had a 5-figure sum of money and wanted to grow that amount into more what would be the best way to utilize it?...
by young inv8 years ago
Hello everyone , im 18 and am learning to be a carpenter in my second year , I have recently become interested in investing money i have saved into something , i come up with theories at work about why such and such is...
by manofmystery247 weeks ago
How would you use the money?
by Stacie L5 years ago
I've read the hubs on REITs but would like more up to date information on getting dividends on mREITS.I have friends who are trying to convince me to invest in these.i don't have a lot to invest now so anyone want to...
by vineetanit9 years ago
stock market have been corrected more than expcetedworld wide now you can invest in blue chipes
by SPomposello5 years ago
Let's say your employer doesn't match anything with your 401k, and you have no issues with saving money, you don't have a million expenses... is there any point in having a 401k, iRA, or anything of that sort then?I've...
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