This is a great investment and one of the easier ways to make money. You need to apply huge amounts of research to make it successful, but once you have done this you can pretty much be sure you will make a profit. The issue with real estate is that people don’t do their research properly and make a key mistake which leads to the failure of their investment. Research includes previous house prices in the area, any local building projects that can bring the worth of your property down, crime rates, neighbours, garden, etc. You also need to know what will add value to the home too. If you don’t, how can you ever hope to make a profit? This includes extensions, kitchen and bathroom renovations, insulation, energy consumption, the list goes on. If you are doing extensions you need to remember to get permission from your local council too. There are many niggling factors that can ruin property investment, but all you need to do is take precautions when buying a house and you’ll be fine. You also must ensure the money spent on the home does not outweigh how much it will sell for, thus protecting your profits. Research is key, carry it out extensively and you will be able to make a great investment.
This is by far the best precious metal to invest in, although silver and platinum are good investments too, as is the up and coming palladium. Gold wins out because it isn’t used too much commercially, which ensures it stays more stable in the market place. This isn’t to say it is easy though. You need to buy low and sell high, but this sometimes means holding onto your gold for long periods of time. The theory is summer is the best time to sell, because the bankers and investors are all on holiday meaning the price goes up. This does not always ring true, so it is best to keep checking the prices. Another plan is to buy throughout the year, thus spreading the risk. You need to buy from an approved seller too, ensuring the gold is as pure as can be and stamped. If really nervous buy it in the form of jewellery, this way you or your partner can get some use out of it. Be aware and follow the trends. Gold’s value keeps surging, so make the most out of it, it is great to vary your portfolio. This is because the value of gold isn’t subjected to inflation because its value remains the same. This is why people hoard gold in times of war or crisis because it holds its worth like nothing else. Research is needed again here, but it is a great asset to your portfolio.
Certificate Of Deposit
These are more commonly known as CD’s, and while they won’t make you uber rich they can still help you build some extra cash in a relatively easy way. This is by putting large amounts of cash into bank accounts. You cannot touch this account for a predetermined amount of time and in return you will be allowed to earn higher rates of interest. It is literally risk free investment, but you need a lot of money to make it work properly. There aren’t really too many cons here, only mistakes to be made on your part. These include not looking for the CD with the best interest rate. Don’t just go to your bank, compare and contrast each one. You should also make sure you don’t need the money that you are investing. If so, you will need to pull it out and lose all of the interest accrued.
This is the most volatile of investments that even people who have decades experience still manage to get wrong. The only way you should invest here is through a reputable broker or stock trader. Insider trading is illegal, so you need to build up experience off solid research and make your moves as so. Guessing how things political, industrial, and in the manufacturing world will affect certain stocks isn’t easy. They come in more accessible forms too where you are essentially investing in binaries, but this is almost betting, as you are putting money on whether the stock goes up or down. People do make their fortunes in the stock market but it is still a very volatile investment that must be part of a wide portfolio, not the only thing you do. You should always seek help, find a great broker, and never invest more than you are willing to lose.