Money Talks: Three Smart Ways to Invest

Whether you are a multimillionaire, or just have some a few savings, you will want to make sure that you are getting the best rate for your money. Quite often your money could be sat in a bank, getting very little return for it. While that is all well and good, there are other options when it comes to your money. Instead of getting a low-interest rate, you could consider investing the money elsewhere. Quite often the rate of return will be higher. So for money that is just sitting there, it can only be a good thing to get more for it. There are so many options when it comes to investing, though. How do you know where to start? Here are a few examples for you. As with any investments, these are just suggestions. You should fully do your research before transferring your money.


Peer-to-Peer Lending

If you are looking to invest in something that will help the lives of others, as well as earn interest, then this could be for you. If you aren’t sure what peer-to-peer lending is, it basically means lending to borrowers. You might do this through an online platform who will arrange it all for you. You might directly approach someone and do this yourself. Whatever way you choose, just make sure that you draw up contracts for it. Then you know you won’t be just throwing your money away.

Stocks and Shares

Many, many people invest their money in stocks and shares. When your money is investing in the right things, you can make a pretty good return. The key to it, though, is holding your nerve. Then you will get the best return on your investment. With the recent ‘Brexit’ vote, it saw that the pound plummeted to a record low. Many people panicked and sold their shares. They got hardly anything for them! If they had held on, they would have seen how the pound has steadily risen back up. Meaning the cost of their shares would have risen back up too. So there is a calculated risk involved in stocks and shares. If you are a beginner, though, it can feel quite daunting. A website like The Fortunate Investor might be a good place to start. It has tips for stock market investing for beginners. There are lots of other resources online too. So do your research and decide if this would be right for you.

Invest in Education

College and University are expensive for our children. So if you have some spare cash, now might be the time that you invest in that. There are several college saving schemes that will give you a higher rate than your bank would. You just need to make regular payments of a certain amount. It might be a better way for you to save, rather than using a bank’s saving account.

Have you any experience of investing? It would be great to hear what has worked for others in the past.

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