Long gone are the days when you could hope to get by on a paycheck and a savings account alone. These days, you need to have an active portfolio of investments that works as hard for you as possible. Beginning to invest early on in life will help you reap the greatest rewards later. There are a plethora of investment opportunities out there, being aware of your options and knowing the facts is always a great place to start. If you are looking for ways to invest your money and get in the game, look no farther than these five great opportunities.
1) Real Estate
The first thing to look at is real estate. There are many properties around the world that are selling at reduced or below market rates. You can invest in anything from Bahamas condos to duplexes in America. As a landlord, you will have many options for making money with your properties. Depending on what you are looking for and have the budget for, you can choose the right opportunity for you. Maintaining an off of country property can seem time consuming and costly, but there are services you can hire for the upkeep and maintenance. With local stateside properties, you can have a much more hands on experience. Owning properties is a large upfront investment, but more then pays itself off in a short amount of time and then continues to be a great investment.
2) Investing In A New Company
Investing your money in start up companies can be a great way to invest your money. Whether you are investing in your brother’s electronics company or a company that is getting ready for an IPO, you can double or triple your money in a few years if you invest in the right companies. The trick is finding a great investment opportunity. Make sure to find a company that has a great business plan to back up their ideas of grandeur. Having a great idea is important, but having the plan and skills to back it up is most important. Make sure you have the background to know wither the company will be a profitable investment.
Gold is the best way to invest your money if you are looking for a conservative long-term investment. Gold prices always go up in bad economic times and rarely lose their value during good times. You can buy gold from a dealer on your own or invest in gold through your IRA or other retirement accounts. Make sure to purchase through a reputable establishment though, you want to make sure you are purchasing solid gold. But this is a great investment that often is forgotten about. It may not be the fastest growing investment, but it is a constant. The value of gold will always be on the rise.
Do you have your eye on an old painting or a car that was built in 1945? If that sounds like you, go ahead and buy that collectible that could be worth millions. Investors who are up to doing their research may be able to find items at garage sales for pennies that could actually be worth thousands of dollars if real. Make sure you know the authenticity of the piece first, but other then that antiques are actually a great investment. They only gain more value as time goes on.
5) Sports Memorabilia
Sports collectibles are always going to be popular. Whether you have a Joe Montana jersey with his autograph on it or a baseball that was used in a World Series game, there is going to be someone who wants it. This really goes along the same idea as antiques. The value will always be there, make sure the items are real and keep them in good condition and you are good to go.
Investing your money is a good way to ensure that it grows while you are growing in your own life. Each time that you get a raise, get a bonus or have extra money in your savings account, you should attempt to put it in the stock market or into a collectible item. This allows you to diversify your holdings while finding unique ways to turn other people’s trash into your own piece of treasure. Being aware of your expenditures is key and then knowing where are how to invest your money. This will give you the opportunity to grow your wealth and explore new finance avenues.
Brionna Kennedy is native to the Pacific Northwest, growing up in Washington, then moving down to Oregon for college. She enjoys writing on fashion and business, but any subject will do, she loves to learn about new topics. When she isn’t writing, she lives for the outdoors. Oregon has been the perfect setting to indulge her love of kayaking, rock climbing, and hiking.