Stepping into the world of investing can be intimidating, and leaving your money in your local bank for safekeeping may seem tempting. Unfortunately, banks don’t offer much growth, and the only way to build your wealth is to brave the uncharted waters of the investment world. To succeed in this new venture, you need a strategy. Here are three of them to get you started.
That might lead you to wonder: What is a good return? The truth is, the answer depends on your goals and the amount of risk you’re willing or able to take while investing your hard-earned cash. Ideally, investments should at least surpass the inflation rate because, if not, your money loses its value as time passes by.
Cryptocurrency is a relatively new investment possibility, and many people in the younger generation are using it in their portfolios. Younger investors tend to be more bullish on the trend, even leaning on it for their future retirement, but is that wise?
Living paycheck to paycheck without adequate savings can lead people to reach for credit cards in times of emergency, resulting in treading water financially with no end in sight. Fortunately, there are ways you can arrange your money to prepare yourself for emergencies and even retirement.
Managing your finances doesn’t have to be monumental. In fact, in the age of technology, many business owners use automated strategies for their companies that can benefit your personal finances when you use them too. Many people set up automatic payments to take care of their credit card bills, but you can also automate most of your bills.
REITs are publicly listed companies that offer investors unique opportunities to get involved in the real estate market. Is this form of passive income right for you?
(MoneyHippo.com) – Given that the current inflation rate has ballooned to nearly 8%, reducing the value of every dollar spent, many wonder if there are any useful investments to inflation-proof their portfolios. In life, there are no guarantees, but there are some strategies investors could consider during periods of high inflation that could be beneficial […]