Not sure what to do with your money? We know investing grows our wealth, but we often need to figure out how to get started. The good news is that there are many options for investing your money.
The best place for people who need to put their money away for a short time and don’t want to take on any risk is with a bank account. But not just any bank account, a high-yield savings account.
Real estate investing is a popular alternative to the stock market. A bonus is there are multiple investment strategies when it comes to real estate for you to earn a return.
Peer-to-peer lending has people put their money together to fund a loan for another person and then get their money back over time, along with interest.
Precious metals are tricky because they are more of a store of value than they are an investment. People who invest in gold, silver, platinum, and others want to protect their money.
These are baskets of individual stocks, allowing you to own thousands of companies for a reasonable price. And since you have a diversified portfolio, it is far less risky than owning one or two stocks.