No matter what your current financial situation looks like, anyone with substantial savings should definitely consider putting them to good use over the next twelve months. Although western governments are telling us the recession has turned a corner, there’s still no way of knowing whether our jobs will remain secure in the near future, and so having a backup plan might not be the worst thing you can do. Don’t worry though, none of the suggestions I’m going to make will involve too much work on your part, all you need is the capital to invest, and you should be able to sit back and watch the money roll in.
Obviously, there are certain risks involved with making any major investment, and I wouldn’t be doing my job properly if I didn’t warn you to be careful before ploughing ahead. So, make sure you always read any small print, speak to other investors wherever possible, and get some impartial advice before parting with your hard earned cash. At the end of the day, things could still go wrong, but take precautions, and the chances of that happening are significantly decreased. Here are some investment ideas you may wish to consider this year…
Gold & Silver
The global precious metals market is one of the most stable on the planet, and so perhaps this might be a good place to get started. You’ll find lots of brokerage firms online who specialise in helping new investors make good choices and understand the market a little better, so I’d advise you start by getting in touch and using their services before going at it alone. Just be weary that it could take a long time for you to make a large profit because prices are so predictable.
Again, this can sound a little terrifying, but it’s actually a really good way of increasing your savings in a short period of time. If you want to get involved in the stock market, but you’re worried about making mistakes, then why not get in touch with a company who offer wealth creation solutions because many also specialise in investment planning and portfolio construction. It’s a good idea to buy a couple of books and do some research first though, as walking in blind is sure to result in the odd tumble.
If, like me, you hate supermarkets with a passion, then why not use your savings to help local entrepreneurs who’re trying to claw back business from the global giants. At the end of the day, the only way we’re going to destroy these immoral firms is to stop using them and buy local, but it’ll be pretty hard to do that when there’s no local shops or businesses left. Thanks to government schemes that have waived business rates for startups at the moment, many new companies are appearing all over the country, and lots of them will need outside investment to survive.
So, you should now have a pretty good idea about which are the most fruitful investment opportunities available for the average Joe today. Hopefully now you’ll be more inclined to get involved. Good luck with making your first investment, whatever options you decide is most suitable.