Where to Invest Your Money? Make Your Money Grow and Beyond

These days there are so many different options when it comes to investing. You need to be armed with the proper knowledge and put your head down and learn all that you can about the investing strategy you choose. If you don’t learn and become more aware of the investing risks and rewards you could start chasing those who promise quick riches through the next killer penny stock or some secret trading strategy that will only be made available to a few people. Basically, these people pray on the human fear of loss. Some are even downright scammers but it takes a while for these crooks to get caught. Resist the temptation to earn money quickly and easily. If anyone promises you either of those scenarios, don’t walk, run in the opposite direction.

Your best bet to getting rich is using a long-time perspective when it comes to your savings and investments. If you are always looking towards the short term or the next 3-6 months when it comes to calculating returns on investment or rates of return on other investments you are likely to make poorer decisions. When you consider each investment for a longer period of time i.e. for 3-5 years or longer, you are likely to do your due diligence and you will not lose sleep over the market’s ups and downs. Wondering where to invest your money? Lets look at our top picks for where to get the best returns for your money:

1) Stocks: Nearly everyone talks about stocks as having the highest rate of return when it comes to investments especially if you consider the long-term as we suggest. Stocks can be a great investment especially for those who are OK with crunching a few basic numbers and doing some due diligence about the company whose shares of stock you are willing to buy. There are a lot of different approaches you can take to individual stock selection. We advocate reading up ‘Rule #1’ by Phil town when you are starting out and then reading ‘The Intelligent Investor’ by Benjamin Graham.

2) Index Funds or ETFs: Those of you who like minimal management of their portfolio but don’t want to lose out on higher potential returns stocks can offer should consider investing in index funds or ETFs (Exchange Traded Funds). With the advent of ETFs you can invest in a diversified aggregate of stocks which represent the different indexes or sectors that you are familiar with. Its less riskier than investing in individual stocks but can offer superior returns if you play it right.

3) Yourself: That’s the best investment anybody can make. Invest in knowledge that increases your earning ability and sharpens your investing skills. Read books, take courses & seminars and above all else apply what you earn. Be prepared to make mistakes and more importantly learn from them.

Money and Finance

Monetary investment and finance planning is often found to be helpful in helping an individual to earn significant profits from the money markets. Managing money in finance markets, however, is not extremely easy. One needs to have a thorough understanding of his/her own money assets and other personal finance issues, in order to form effective financial plans. For investing and finance plan-making, investors often require the expert advice of professional financial planners too.

Personal money finance planning is required to create a blue-print of the way in which money should ideally be spent. Strategic management of personal finances is generally done in any of the following three ways:

i) Keeping monetary savings in banks,
ii) Finance planning and investing money in an informed manner, and
iii) Choosing ideal investment instruments, that would yield profits even over the long-run.

As stated above, one of the most popular ways to manage money/personal finance is to open bank accounts. The banking sector is one of the most important components of money and finance markets. Typically, you can avail of any one (or, more) of the different types of bank accounts. If you are looking to boost your level of savings, you should ideally put your money in a savings account. On the other hand, for ease in deposit and withdrawal of money, current accounts of banks are deemed suitable. These accounts, however, do not yield interests on money deposits. You can also make a fixed deposit, so that you can enjoy interest income as well as be able to withdraw money, as and when necessary.

Investing and finance planning also form a potentially rewarding channel of money management. There are several investment tools in the money and capital markets in an economy. Mutual funds, bonds, stocks and securities and personal insurance policies are some of the most popular of such tools. Each of them differs in their rates of return and their associated risk-levels. Investors can choose from among these, and other, common channels of investment, according to their tastes and preferences.

Long term personal money finance management also requires individuals to have proper retirement plans and estate plans. There generally exists a trade-off between these two types of planning (more money set aside for retirement planning means less funds are available for current estate purchases), and financial health can be optimized by striking the correct balance between the two.

Money and finance issues are extremely important, and can appear to be rather complicated to a beginner in these fields. With the help of professional planners, however, individuals can identify suitable profit-yielding finance plans and investing opportunities. With sound personal money finance plans as the basis, one can indeed earn rich rewards from the money and credit markets in the economy.

How to Make Money From College by Investing Your Money

Investing money while attending college proves smart for any college student. You might be thinking, “How can I invest when I’m barely making enough to feed myself?” Breaking loose from your parents grip can be a stressful time in your life while becoming an adult and making it on your own. How does one invest money while going to college? It takes some planning but you will find, it is not impossible and in the future, you will be glad you invested.

Write down your expenses

Take some time and write down all the basic expenses you face while attending college. Some hints are textbooks, food, rent, and the ever-increasing price of tuition. If you have a car, you want to consider gas, maintenance fees, and insurance and car payments if you are paying on the car. Estimate what you pay to eat out daily as well as snacks and drinks.

Eliminate some of your expenses (if possible)

Your goal should be to eliminate some of these expenses with common sense factoring. Eliminating some of these expenses is something you must do to prepare for investing your money. If you are paying rent, move back home with your parents. Search for a smaller place to live with smaller rent payments. If you live close to your college, get rid of the car. Getting rid of your car will eliminate car and insurance payments along with maintenance and gas fees. Are you eating out a lot? Start packing your own lunch or eat in the school cafeteria, which proves cost efficient. Performing these tasks will help you in your process of investing money.

Why would I want to invest money while attending college?

There is not a doubt that kids do not think about investing money, especially while attending college. Attending college is supposed to be a fun time in your life. Where this is true, investing as much money as you can (even if only a little bit) during this time in your life, you will be one-step ahead of other college graduates.

Why can’t I wait to invest after graduation?

Most people do wait until they graduate from college before investing. Most people want to invest after graduation but the truth is, most people do not. People tend to wait until they are in their thirties or forties to invest. In other words, people prolong investing into their future, which ultimately means, when they retire, they will not have a lot of money invested. If you begin while attending college, you are ensuring that you will have a nice nest egg for you and your family someday.

Where do I start?

1. Bonds or stocks

Bonds and Stocks are great ways to begin investing. These two things prove to be great investments over a period.

2. Interest bearing savings account

Designate some money out of your financial aid and other means to be placed in the savings account. Set the account up as an account that cannot be withdrawn from. If you are insistent on adding money to this account over a period of four years, you will be pleased with the amount saved upon graduating from college.

There are numerous ways in investing money while attending college. It might appear as a royal pain in the butt at first but trust me, you will be grateful you invested when you graduate. Investing your money while attending college is a first step in securing your future. It is always a smart idea to get into the habit of investing and saving money. Keep in mind, the earlier you start investing, the more you will have when you retire.