So you’re planning to try investing this 2019, huh? Smart financial move right there!
But while they say that it’s an easy way to get rich, it can get a bit overwhelming. For some, just even deciding to start is a scary move – much more so when you have no idea where you want to invest in!
If you’re seeing yourself in the same position, do not fret because listed below are some possible ways on how you can invest this year. Check it out and you just might find something that fits the bill for you!
With Time Deposits, patience is indeed a virtue. Perfect for beginners, this type of investment doesn’t exactly deal with complex numbers and other confusing terminologies. In fact, the process is quite straight to the point: deposit your money, allot a period of time without withdrawing, and then cash out your savings with interest once it “matures”.
Mutual Funds and Unit Investment Trust Funds (UITF)
If you’re ready to step up a bit but still afraid to take it all on by yourself, Mutual funds and UITFs can be good matches for you. The best thing about them is that while you’re already technically investing on bonds, stocks, and other channels you hear from your expert friends, professionals are still the ones who are handling your funds for you!
Career-growth and Self Development
There is no sure formula on how to get rich – fast. But do you know what every rich person have in common? They all focused on developing themselves, one way or another. So despite it being a long-run play, investing in yourself is actually a wise move. Enroll in crash courses and seminars; expand your skill set; fatten up that portfolio. Making sure that your experience is never stagnant and that you’re continuously growing career-wise will take you places and once that happens, the cash will start rolling in!
It’s never too late to try new things and the turn of a year is always a good time to start. The options are limitless and it’s up to you to decide what’s actually investment-worthy. One key tip is to always keep your goals in mind and make sure that you believe in wherever you’re betting your money on. Afterall, you wouldn’t gamble on something you don’t think can win, would you?