There is not enough money in the world to go around. Unfortunately, most of the people that spend their entire life working never have the kind of cash they desire. Sometimes, a full-time job doesn’t pay the wage you need or the wage that you want. When that happens, you need to look elsewhere for extra forms of income.
The investment industry is a great place to start, but it is forever changing. What was a good investment once upon a time is not so lucrative now. Here is the year review of 2015 and, hopefully, beyond.
Property
Property goes in and out of fashion. One minute it is a definite and unparalleled when it comes to making a solid investment. The next, it is well worth avoiding. Currently, property is hot for some factors. Firstly, interest rates are very low because the government is trying to increase spending thanks to the crash of 2008. And secondly, demand is outstripping supply. There are thousands of first-time buyers who want to get on the property ladder that cannot because there isn’t a house to buy. You can sell or rent and still make a killing because the amount you have to repay each month will be a lot lower. A little tip: at the moment, condos for sale sell like hotcakes.
A Business
Businesses used to be something that you would avoid at all costs. Now, that has changed quite considerably. It all depends on the Internet. The reason most people would stay away from investing in a business was the money. You would need to invest a lot of cash and hope that you saw a return sometime in the future. In 2015, the cost of running a business is markedly lower. Because you can set one up from home, you eliminate lots of overhead costs and major expenditures. Getting in on the ground floor is a good idea if they can sell you their company.
Gold
The best thing about gold is that the value hardly ever drops. As long as you buy the right kind of gold, you are always going to see a return on your investment. Currently, gold is also in demand, which makes it even more valuable. There are even companies that are looking for as much gold as they can find, regardless of the quality. Bullion is best because it is pure gold, but there are plenty of other options. Look for the carat quality to make the best investment. If you are an amateur, a chart is a good way of gaining some well-needed knowledge.
High Yield, Fixed Income Stocks
The name of the stocks gives this investment away regarding why you should consider investing. The returns are high, and the investment on your end should stay the same. That is not to say that it will be cheap, but you can always keep an eye on your bank balance. When the yield is higher than the outlay, you are onto a winner.
Photo by Mark Cornick
Milo Senalle
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