If you have lots of spare money knocking around in your bank accounts, it might be time to start looking at better ways of using that cash. Why let a high street banking chain keep it in their pot when it could be used to amass even larger funds? Don’t worry if you don’t have any experience with making investments as it’s much simpler than most people imagine. So long as you stick to the tried and tested methods, everything should be fine. It’s only those who opt for high risk / high return solutions that tend to lose their capital. Of course, you’re going to need lots of advice from people who’ve done this in the past. Luckily, that’s what you’re getting right now.
Investing in stocks and shares
Many people think that having a psychic reading can help them to make better decisions when dealing with trades on the stock market. Some of them experience great success using that method, but you should also try to purchase lots of relevant books on the subject. Many successful traders are self-taught, and so there is no reason you couldn’t become as rich as them if you take the same approach. Some people like to use brokerage firms, but that is not a good idea until you have a substantial amount of cash to play with. Those companies charge a commission as well as a fee per transaction. That means you have to buy a lot of stock to make their services worthwhile.
Investing in property
Everyone should aim to make sure their investments are safe and secure. Putting your money in property is one of the least risky means of monetary accumulation. Whether you decide to become a landlord or make money from buying and selling is completely down to you. Either way, prices rise consistently over a long enough period, and so you only have to hang onto the home for a couple of decades to see a healthy return. The way things are going; a property that is worth £200,000 now, could be valued at closer to £350,000 in twenty years time.
Investing in new business
Over the last twelve months, more businesses have been started in the UK than at any point during the previous five years combined. That is mainly due to government incentives and a terrible job market. Still, a lot of those people now need extra investment to help thrust their brand to the next stage. There are specialist websites where company bosses publish their pitch and explain why you should give them money. The process is very simple. Just make sure you employ the services of a financial adviser to look over all the paperwork before signing on the dotted line.
Having read about our top three investment suggestions for people with no experience, you should be ready to go out and continue your research. At the end of the day, you need to make your money work for you. It is entirely possible for you to take an early retirement if you get started immediately.
Photo Credit: Andreas Poike