Investing Made Easy: 3 Routes To Explore
To say that 2020 has been a crazy year thus far is, well, an understatement. And now everyone is talking about the ‘new normal’ — but in such a changeable landscape, how can we be confident we’ve even reached that stage? While everything around us seems to be in upheaval, it’s oddly comforting to know that many aspects of human nature consistently remain the same. Global pandemic or not, planning for the future, and working toward increased financial security for ourselves and our families is a steadfast priority for many.
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**The information below is intended for informational purpose only. I’m not a financial professional or expert, and this isn’t a substitute for advice from a trained and qualified financial or investment professional. Reliance on any information provided on rachaelhope.co.uk is solely at your own risk.**
Investing Made Easy
If you are keen to invest some of your hard-earned cash this year, you might be worried about the global economic uncertainty that is looming. A pandemic, coupled with high unemployment and health concerns, can make your finances take centre stage. People are naturally curious about how to make their money go to work for them behind the scenes. For example, some may consider using a portion of their savings to create an investment portfolio to allow them to spread risk.
Has this post been helpful? What is your take on wealth? I’d love to hear from you in the comments below!
I am one of those people, by the way, so I’ve done a little research, and thought it would be helpful to share my findings! P.s. I also understand that times are hard for a lot of people right now, so don’t beat yourself up if you don’t have much to spare. Even saving a small percentage of your monthly income (literally whatever you can afford), is such a great start. Your future self will thank you 🙂
Without further ado, here are three investment routes that you might want to explore.
If you have a decent amount to spend, property investment could be a natural route to take. By heading to a property auction and trying to secure the worst house on the best street, you could have a great asset on your hands. Then by undertaking a scheme of works and marketing your property to young professionals, you could secure some great tenants.
These tenants could end up paying for your mortgage with their monthly rent. Tying up your money in bricks and mortar can be much more fruitful and profitable than allowing it to wallow in your savings account. You could wait until you have paid off your mortgage or you might want to sell up after a decade. You can then use this cash for your retirement or other life plans.
Forex trading can be one of the most fun side hustle style activities that you can take part in. While not for the faint-hearted, you could invest some of your cash buying yen against the pound and selling dollars against the peso. You don’t have to embark on this investment journey without any practice first. A dummy account is a perfect way to have a go with some pretend money and hone your skills.
Only invest a small proportion of your investable cash as this investment has a slightly higher risk factor than others. Monitor the markets and follow the vlogs and tutorials available to help you become more proficient with your trading. There are plenty of strategies that you could employ, so experiment with the dummy account before you take the investment plunge for real.
Trading antiques has become an area of interest for many in recent years. Antiques TV shows from the American Storage Wars to the stalwart British Bargain Hunt show means that auctions and collectibles are more accessible than ever. People are eager to head to auctions themselves, and they see going to fairs and flea markets as a pleasurable leisure activity.
You could choose to do some research and specialise in an antique that you would love to collect. Old typewriters, Georgian glass, or retro G-Plan furniture can be highly sought after by collectors even now. So, try and get your hands on some vintage collectibles, and enjoy them in your home environment before selling them on in the future. The older they become, the more sought after they are. It’s also great for the environment because you are buying, and later redistributing existing products!
Has this post been helpful? What is your take on investment? I’d love to hear from you in the comments below!
P.s. Why not buy me a coffee?
P.p.s. Why not check out my previous post by clicking the image below!