If you're reading this, I'm earning money. Thanks for helping to feed my family. Please see our disclosure for more information. Also, any advice provided is for informational purposes only. I'm not a CPA, lawyer, or doctor, although my parents wanted me to be all three. So, talk to a professional before acting on anything you read below.
I have a great contributed post for you today on alternative investment strategies. It's for informational purposes only, so please consult a financial professional before making any money decisions. Got it?
Investing is a marathon, not a sprint. Like many things in life, you need to be patient in waiting on beneficial returns before throwing it all away and considering the whole endeavor an unfortunate loss. There are many ways to get into investment, no matter what your expertise with markets and economic forecasts may be. With these investment opportunities, it doesn’t matter what end of the pay grade you might occupy, investing is possible for every, so long as they are sensible and know what they are doing.
By choosing a type of investment that suits your budget, or your ambitions, your efforts have the potential for you to enjoy returns either great or small. These investments can prove to be anything from treating yourself, or putting money back into the same system, hoping for even more success. Here are some examples of alternative investments, for all sorts of would-be Warren Buffets.
A simple little process whereby every purchase you make on a credit or debit card is rounded up to the nearest dollar (or pound, or euro). The “change” is saved in whatever platform you choose to employ and, after a month, six months, or a year, you will see that all that extra cash spent at the time has been saved for a nice little bonus to put towards Christmas or birthday shopping.
Micro investment works great for those who find it difficult to save or are on a lower pay scale. All of the savings are less than a dollar, and while it may not seem like much, at the end of the month, or even year, there is an easy little bonus of cash without you even realising it.
Foreign exchange investment, or forex, is a type of investment whereby currencies worldwide are traded in pairs. Traders can trade between currencies such as the US Dollar, Japanese Yen, Pound Sterling, and the Euro. While forex could be considered risky, finding and working with some of the best forex brokers can prove fruitful, should the market work in your favor.
As with any investment, forex has the potential for big or bust. Beginner traders in particular need to take care and start sensibly if they are to hope the method can prove profitable and bring them closer to financial success.
New companies are popping up every day, with more startups being founded in 2016 than in the last four years. Small- and medium-sized business owners can often rely on outside investment for further funding. Venture Capitalists which invest in new businesses allows the fledgeling company to grow, and this, in turn, helps create new jobs in the area.
While it is no secret that 50% of startups fail in the first four years, this is mostly due to incompetence. Choosing the right startup is as crucial as choosing the right broker, and you might just find yourself having invested in the next big sensation.