The Smartest Investments to Make Right Now

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These days, it’s not enough to simply work for money. You should be making your money work for you too. Investing your money is a great way to build your wealth, secure your future, and attain your financial goals. Here are just some of the smartest ways to grow your money:

Land

Land is ideal for first-time investors since it doesn’t require any extra charges or extra effort after the sale is made. Once you purchase a plot of land, you won’t need to maintain, renovate, or protect it in order for it to be worth something later on. In the long run, you might even want to use the land for building a house or commercial property. It’s an asset that sits quietly, doesn’t cost you much, and increases in value regardless of what you do with it. Don’t know where to start? There’s land for sale in Whittlesea, Victoria with a variety of plot options for you to choose from, whether you want to start out small or go big with a spacious premium lot.

Bonds

Bonds are loans that are imparted onto a government entity or company that pays investors a set rate of return over a fixed period of time, usually around one to 30 years. They’re also known as fixed-income security since they come in the form of a steady stream of payments. Bonds come with their own investment risks, but they’re still a relatively safe investment compared to stocks. This type of investment is ideal for any kind of investor to have in their portfolio since they’re quite stable and won’t budge much when the stock market fluctuates.

Certificates of Deposit (CDs)

A certificate of deposit is a federally insured savings account which offers a higher interest rate than a savings account for a set period of time. CDs are best if you’re a retiree or if you need a certain amount of money at a fixed date in the future. This is a good choice if you don’t immediately need the income, and just want to keep your money safe for a period of time.

Mutual Funds

Mutual funds pool your cash in with other investors in order to purchase securities for the group like bonds, stocks, or other assets. This is another type of investment that is great for first-timers since you’re able to invest in a broad portfolio of stocks and bonds in a single transaction rather than having to trade them all yourself. Since they’re diversified, they’re both a safe and less expensive investment to make.

Individual Stocks

Stocks give the opportunity to own a share of a company. They might offer the biggest return on your investment, but they also expose your money to the highest degree of volatility. Stay safe by buying a diverse collection of stocks through mutual funds rather than individually.

Physical Commodities

Commodities

Physical commodities are basic goods that can be utilized and transformed into other services and goods. Prices of commodities may be subject to fluctuations in the market, but overall global demand is strong so you can still expect positive returns. Examples of commodities you can invest in include crude oil, base metals, and gold.
If you’ve ever considered investing your money, the time to start is now. Starting early gives you a headstart to achieving your long-term financial goals and guarantees you a secure future.

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