Making an investment with your hard-earned cash isn’t an easy decision. Losing the money you have worked hard to save isn’t an ideal situation. To avoid the pitfalls of a bad investment, you want to make sure you are putting your money somewhere it can work hard for you.
Knowing what you are getting into is part of the battle when it comes to investing your money in the right place.
Making it personal and being 110% sure before you part with any money will help you feel more confident you have invested in the right way. But what if stocks and shares aren’t for you? There are alternative ways to invest your money if you are open to considering different investments.
The following options are all great alternatives to putting your money on the stock market.
- Bonds
- Crowdfunding
- Peer to Peer Lending
- High Yield Savings Accounts
Read on for two viable options for investing your money for the long term for those who don’t want to invest in stocks and shares or any of the ways mentioned above.
Property.
Investing in property isn’t a new way of investing money. You can choose to buy a property to live in now, somewhere to flip and resell to make money quickly, or you can look at ways you can become a landlord.
Becoming a long term landlord comes with a higher financial commitment from you. You will be responsible for any repairs before tenants move in and surfing the whole length of their tenancy with you. You can bolster your investment with a loan designed specifically for properties that are being rented out. Did you know you can look for companies which give you alternative options to a traditional rental mortgage – instead, they offer long term loans for rental properties.
Whatever option you choose, make sure you know what to expect and are happy you have made the right choice. If you are wanting to see a return on your money in the short term, then rental properties may not be the best route for you to take.
Commodities.
Think art, wine gold, watches, jewels, etc. High-value items tend to hold their value and even increase. So if you are looking for a way you can not only put your money to good use but give you a return further down the line.
Sure, the price of gold may be volatile in the short term, but over the long term, you can be sure it holds its value if this is something you are looking into.
Make sure to buy your gold, artwork, or other commodities from reputable sources to make sure everything is as it should be, and you can guarantee its authenticity for your future. Do your homework before you buy and try not to sucked into purchasing before you are ready. You want to be comfortable and confident you are making the right decision.
So what do you think? Is investing in real estate or commodities the right investment option for you?
