Since the financial crash on 2008, people have been reluctant to trust the banks, and with interest rates constantly dropping, more and more people are looking for alternative places to invest their money, with as little risk as possible.With that in mind, let’s take a look at four ways in which you can start investing your money today.
The Stock Market
These days you don’t have to buy an expensive suit, head down to Wall Street and start shouting, you can invest in the stock market using online trading platforms and not have to leave the comfort of your living room. Just be sure to start small and build your way up as you get to grips with what you are doing.
Do your research and read up on different trading platforms, such as the tastyworks vs thinkorswim debate that has people talking in the world of investments. The more research you do, the more informed decision you will make when investing your money.
Crowdfunding has become a huge business, particularly in the fundraising, small business and film industries. In the case of the latter, Kickstarter and Indiegogo have raised millions for film projects all over the world, and became Hollywood news in 2014 when Zach Braff used his considerable fanbase to fund his second feature, Wish I Was Here.
By investing in crowdfunding, you can take advantage of rewards such as credits on the film and returns on your investment if the movie is a hit, to becoming an investor in small businesses that grow as a result of your kind donation. Crowdfunding can give you scope to take on board various opportunities, and build a great investment portfolio for yourself.
Small Business Investment
If you want to help small businesses to grow, investing your money in small businesses from your local area could be a great way to increase your standing in the community and help your town or city to develop by having more businesses thrive in the area. You’ll feel good knowing that your money is helping out local businesses, and you’ll be close enough to be able to check on your investments, making sure that they are bringing in an excellent return.
Give it To a Friend in Need
Many people in need will turn to loan sharks or loan companies with extortionate interest rates that spell trouble from the moment you sign on the dotted line. If you’re looking to invest in something but don’t want to put it into a company or hand it over to the stock market, you could become an investor in people.
It is an alternative option, but if you are in a position where you are able to do so, you could consider investing in somebody’s future. You can set out repayment options and set the interest rates you like, if you chose too at all. There might not be scope for huge returns on your investment financially, but it’ll put some miles on your soul and may provide a once in a lifetime opportunity to a loved one.