Great Investment Ideas For 2019
Sometimes, our personal finances are looking a bit poor – there are bills to pay, after all, mortgages to keep up with, and life, in general, that tends to demand money. Other times, however, our personal finances are looking great and we might even feel a bit at a loss.
When we’re so used to looking for ways to stay out of the red area, in general, and try our best to go in plus, we might have forgotten about what we can do when we actually have a bit of money to spare.
Here is a handful of excellent investment ideas for when times are looking good so that you can get as much out of it as possible. It will make it a lot easier to get by when times are a bit tough, after all, and you’ll be building a great foundation for the future.
Get into stocks
Sure, you’ve probably seen your share of index funds and passive stock saving by now but what if you could start to get involved in the stock market for real? It’s actually not that difficult at all and you will, after all, have a lot more control than when you’re simply leaning back and allowing the stockbroker to handle everything for you.
Start investing in stocks actively, for example, and learn the ins and outs of the market once and for all. Not only will you have a brand new hobby and passive income but you might even be able to make some serious money as long as you stay up to date on how the market is doing.
While the experts do advise you not to attempt timing the market in terms of when to buy and when to sell, it’s still a good idea to read up on how the global and the national economy is doing before you dive into it, head first. You can have a look at this article on how to value stocks, for example, to get started right away.
Invest in yourself
While it may be tempting to go off and invest everything you’ve got so that it can grow a bit, it’s still a good idea to keep investing in yourself. This is what might be able to keep you afloat when times are a bit tough again, after all, and you’ll be eternally grateful that you kept your head cool.
Your emergency fund will probably still need some money as well, and you should do your very best to put aside as much as possible each month to feed your emergency fund and your saving options, in general.
That way, you won’t lose your head if something should happen where you’re not able to make as much as you’re making now – and you’ll feel on top of the world when things are going great.
If you are able to, try to increase the amount you are saving with a few percentages every third month or so. Set a target and stick to it so that you can enjoy the sight of a full piggy bank by the end of next year.
This is a collaborative post.