The world of investing can be a daunting place if you are not familiar with the concepts and terminology. But there is no need to stress yourself out, if this is the case. All you need to do is familiarise yourself with any areas you are not sure about prior to making any haste decisions and you will be fine.
Cash Is A Good Place to Start
You can never go wrong with cash. Yes, it might not yield back a large return but it is always reliable to bail you out at times when you really need it. So always try to put some cash aside each month and you will find that it soon accumulates over time. Having an emergency fund of cash (3-6 months of expenses) can protect you against going into debt.
Invest In The Stockmarket
Investing in the stock market will not be a quick fix solution but rather a way to earn a gradual return on a long-term investment. If you are prepared to part with a modest sum of money, by leaving it there, within 10 years for example you could double your return and receive the sum of the original amount invested too. This would of course be dependent on the exchange rate. On average over the course of 95 years, it tends to be around a 10% growth rate, which is not bad at all. It's worth doing your research first to find out which are the best stocks to buy now.
Investment banks such as EverBlu who have a LinkedIn account are prominent in the world of investment banking as they provide a necessary intermediary between a large business and the financial market. As a result, they help determine how the shares of stock are released and distributed to the public. Clients can range from pension funds, to hedge funds or the government.
Ideally, you want to shop around for the best price ISA rate to store away your cash. The longer you leave your money in a fixed rate ISA account the more interest you could earn back. So if you know you can put a large sum of cash aside, it will be worthwhile as it will just be sitting there accumulating interest over time without you having to do anything.
The Property Market
The property market is usually a good investment to be involved in as there will always be a demand for housing. Yes, it can fluctuate, like any area of investment but when the property market is booming that is the optimum time to sell. Foreign property investments can certainly be lucrative if you have the extra cash to splash.
Then of course there is the world of Bitcoin investment which has demonstrated a surge of at least 300% over the course of the year. It has increased in popularity since its introduction in 2008 and is likely to be around for several more years based on its digital currency and ability to exchange online globally from one country to another utilizing a Crypto Wallet to ensure it is stored safely. Bitcoin is still considered a speculative area, so most financial experts advise to proceed with caution.1 Forecasts Of 2021 Stock Market Performance Are Overly Optimistic | Seeking Alpha