Four of the Best Places to Invest

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20 September 2018. When you have some cash burning a hole in your wallet, it’s a smart decision to invest it instead of just leaving it sit in the account. You want to make your money count and the only way that you can do that is to put your money in the right places so that you can watch it grow. The problem? You haven’t got the first clue about investing money.

There is a huge list of potential places that you could put your hard-earned money, and you have to be sure that the decision you make is the right one. The key is to avoid paralysis by analysis where you spend so much time thinking about your options that you talk yourself out of any of them. The more you overthink it, the more you’ll put off what could work out to be the best investment that you ever make in your life. The cash that burns the hole in your bank? You’ll spend it, and then later wish you’d made the right call and invested it. It’s a big mess and you could avoid it all by simply checking out these four best places to put your money.

The stock market

You may not know much about brokers, but lists like Fx-List can help you to work out which broker would be best for you. You don’t have to invest every single dollar you have into the stock market, especially when it an be a volatile place to put your cash. What you can do, though, is speak to various brokers and take financial advice about how much to invest and when. They can walk you through the process until you learn to do it yourself.

Peer-to-peer lending

It may seem like a daft idea; loan out your money and risk not seeing it again, right? Wrong. Lending platforms like these can allow you to loan out some of your money to people and earn  decent rate of return on your investment. You are investing in people, here, which means that your investment is far safer than other investment options.

Real estate

It’s the goal for a lot of people to buy a home and use it as either a second home or a buy-to-let. Real estate is a tangible asset, and whether you want to wait around for the housing market to go up or you want to spend some time in the house yourself renovating it, it’s a good place to put your money. No matter what happens, you’ll have it until you sell it on.

You

Paying off debts can free up your cash better to ensure that you are spending it in the right places. You could also choose to invest in your education, to better your future and work toward a higher and more secure pension.

Investing your money doesn’t have to be complicated; with a little research you can stop that windfall from burning holes in your bank and let it work for you.

Editor’s note: The opinions in this post are the contributor’s and not those of Science & Enterprise.

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