Wednesday, January 22, 2014, AM | Leave Comment
Having savings is important, and many people understand that this nest egg allows them the financial security of knowing they have a safety net if trouble strikes. However, just as a business owner would not allow an employee to slack off on the job, savvy savers understand the value of putting their savings to work for them.
While understanding stocks and bonds may seem confusing to many, there are five things you should consider investing in this coming year.
Education on Investing
You can give a man a fish and feed him for a day, but, if you teach a man to fish, you feed him for a lifetime. This old saying goes when it comes to investing. Since the advent of the Internet, this can be done easier than ever without spending any money. Online, you can find unbiased insights on money and markets that Wall Street doesn’t offer.
Gold and Silver
While stocks and bonds often come to mind when you think of financing, there is another viable option that is a lot less confusing. Gold and silver offer security. Bankruptcies can occur within a company, and stocks can decline. However, since the beginning of time, gold has been a property that has always been considered of value.
Purchasing an annuity ensures that, later in life, you will have the peace of mind in knowing that you will have money to survive. By paying a premium to an insurance company while you are still able to work, you will be able to receive regular disbursements later on in life. The company can often grow on the investment substantially.
Hedged Mutual Funds
Those wishing to invest in a managed fund capable of providing diversified growth should consider hedged mutual funds for a 2013 investment opportunity. These funds are carefully scrutinized to minimize the risk of large downfalls. While the growth of hedge funds is lower than other investments, the added safety is preferable to many.
In today’s increasingly competitive world, acquiring new skills is a great investment for 2014. Whether you wish to understand more about electronics or perhaps technological advancements, the more you know, the more valuable you will be to your present or future employers which can lead to promotions later on.
Don’t let your hard earned money sit in your bank account this year. By following these five tips, you can make investments that will keep your money working for you.Facebook.com/doable.finance