There are a lot of different ways to invest your money. However, the word “investment” has become muddled with overuse. People now invest in their education, their cars and even their flat screen TVs.
You see, when it comes to investing your hard earned money, you have to know what you’re talking about. And today, I want to give you three types of investments that could work out for you.
Start your own business
Most people never think of starting a business as an investment option. Well, it is. And, if you manage all the risks, including demand-and-supply, competition, location and resources, then you could be sitting on a gold mine. Most of all, you could grow your business into a viable enterprise and then sell it for a profit later on.
Property investing is one of the best ways of growing your wealth. However, because property investing is long term, you won’t be ale to access your money for at least ten years. Furthermore, if you’re renting out your property, you’ll also find yourself always upgrading ad fixing the premises. The money you spend on renovating and maintaining a property increases the value of the property and gives you better long-term returns.
Unit trust investing
Unit trusts have two specific advantages. They protect your investment against inflation and they grow your capital. Furthermore, the risk of investing in unit trusts is much lower than investing in shares. Therefore, the short-term returns are lower. But, you can make a decent profit over the long-term. What’s great about trusts is you don’t have to personally invest in shares. A specialist will manage your money and invest it in the markets to make sure that you come out on top.