Smart Investments To Make With Your Money Now

Smart Investments To Make With Your Money Now

Chichi Ogwe

Chichi OgweFeb 21, 20183 min read

It’s one thing to make money, but it’s another thing to learn effective financial management. It’s great if you know how to save and manage your money, but it’s even better if you can invest well.

In contrast to saving - which involves putting money aside, bit by bit over a period of time - investing is all about using a particular sum of money and trying to make it grow by putting it towards things that typically increase in value. Contrary to popular belief, you don’t need to earn a huge income or a large amount of money to start investing. Also, you don’t need to be an expert: investments are for everyone, regardless of whether you’re a beginner or a professional.

There are so many clever ways to invest, so here are some investment ideas you can make with your money.

Think of this as your guide to investments 101!

luxury home

Invest in real estate

One of the best investments you can make is in a property. Real estate investments are really common because properties tend to increase in asset value and it’s one of the best ways to get a return it the property is sold. Plus, you can make additional money via rental income by buying property and renting it out, plus you can establish a property portfolio. Another thing to bear in mind is this: if you can invest in prime or luxury real estate, then do it. You can be sure to get a huge return on your money. All in all, real estate is great for a long-term investment.

stock market

Buy stocks

For those who like to invest, many like to put their money into buying stocks. Buying stocks means that you are buying ownership into a business. Investing your money in stocks is a savvy choice for many investors because they are likely to provide the highest returns over a long period of time.

savings bond

Put your money into bonds

A bond is like a loan to a corporation or the government, which is paid back to the ‘lender’ over a period of time and returns the bond once it matures. This means that investing in bonds can be beneficial because they provide a predictable stream of earnings and they are a great method for preserving capital.

old man with cane

Pay into a retirement plan

If you are employed then you should definitely start thinking about pensions and retirement, even if you are early on in your career. Remember, it’s never too late to start planning. Even if you are on a small income, you can plan to invest 1% of your monthly salary into your pension pot. It’s a small contribution, but every little helps. Increase your pension contributions every time your salary rises.

By following this guide, you can be sure to put your dollars towards money-making investments and watch your cash grow.