If you are asking yourself it is an ideal time to even think about investing, be assured that there are always opportunities out there. You just need to be extremely careful where to put your money. You don’t even have to invest in stocks since there are many other options, from CD accounts to real estate. If you’re already an investor, then you might be looking for more smart ways to invest money.
Here are a few tips to help you pick your investments wisely:
• First, it might help to have an advisor. If you can’t afford to actually hire an advisor, consider using a robo-advisor. These are programmed to provide relevant, up-to-date investment recommendations based on your budget and portfolio and with them, there is no “human error” involved as there would be with a literal advisor. Still, as with any AI, they’re not perfect, so you’ll need to do additional research before making final decisions.
• Consider joining a “lending club”, which offers peer-to-peer lending services. There really might be a future billion-dollar idea in there somewhere, just waiting on the right investors to come along. You can choose between automatic investments or manual investments if you want to browse the available loans yourself and choose the ones that sound smart to you.
• If you have at least $1,000 to spend, corporate bonds offer smart ways to invest money. These are considered liquid, which means you can sell them. Purchase them via a brokerage account online. As with any investment, do your homework first to understand how corporate bonds work. The potential on the annual return can be anywhere from 2.5% to 3.2%, which is nearly twice as much as what the average online savings account offers.
More Smart Ways to Invest Money
• Choose at least one EFT to invest in as a beginner. There is obviously some risk involve and the minimum amount required can be higher than some other short-term investments, but EFTs offer versatility and they are highly liquid. Thanks to trading flexibility, these kinds of investments make it easy to move money around.
• Sign up for a good, informative newsletter that offers recommendations on the smart ways to invest money. Don’t just pick an investment by using the first free “stock pick” choice you come across. The best newsletters might cost money to subscribe to but the information and resources are often invaluable.
To learn more about all of these options, as well as other smart ways to invest money, look into Capitalist Exploits. They offer some free information to help you get started. Keep in mind that they aren’t known exactly for being “PC”, but their content are is financially sound.