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By James Parmis
There are lots of different ways to make money in the modern world. It’s not always as cut and dry as getting a job, or starting a new business, although those are viable ways of making money.
There is a lot of money to be had by investing, and there are a lot of different ways to look at it. You could invest in a handful of options, some of which are high risk, and some of which are low risk, but all of them can make you money with time.
Finding which ones will make you the most is a tough one to call, but there are three sure fire ways to make money investing, that have been proven time and time again to work.
Although we will look at three different things, it’s important to understand that investing does take some risk, and there are no real 100% sure-fire investment options, but that’s not to say there aren’t some “safer” routes to travel.
The first major way to make money investing is to look at mutual funds.
Mutual funds are relatively low risk investing options that come in various different types. There are roughly six types of funds to look at, and require a professional to help you organize and distribute your money. The minimum amount is usually around 1,000 dollars and yields various annual returns based on 1, 5, and 10 year periods.
When you open up the average mutual fund, you’re investing in a variety of low risk, low yielding stocks. The return on investment fluctuates annually, but most often than not, you actually yield steady returns. You’ll have to invest a large sum of money to make it worthwhile, but with the low risks, and quality, nearly guaranteed results, many investors find this to be a great overall option to take advantage of.
The second major way to make money investing is to buy gold.
Gold gets a bad name by many high profile money managers. It seems that a lot of people have a problem with the fluctuations in value of gold, but what they seem to neglect to mention, is that gold is never really at 0 value.
Sure, it’s true that you’re not going to pay your bills in gold, but it can be a solid investment strategy if you’re looking for tangible investments. The price of this precious metal has reached over one thousand dollars an ounce and has been the target of many different companies, trying to invest, as the price could rise with economic hardships. This method of investing has a high investment point, but could reach to higher limits. Once again, it’s important to understand that there is always a risk involved with purchasing precious metals, but on the contrary, gold has never been at $0 value.
A third way to make money investing is to look at CD Bank Accounts.
Certificate of Deposit (CD) accounts are offered by many different banks and are relatively low risk, financially sound investment options for people that are looking to save money, and earn a higher return than the traditional savings account.
CD’s are relatively similar to a savings account, and are backed by the FDIC or the NCUA and function with fixed time frames and fixed interest rates. The rates are often around 3 – 5% and vary wildly from bank to bank.
The investor has to leave the money in to maturity, in order to earn a return on investment, and can be coupled with penalties for those that take their money out too early. There are several different types of CD’s to explore, and are low risk investments that require a large amount of money to yield extensive returns.
It’s important to understand that while there are many roads to travel down in regards to making money investing, it’s important to weight your options carefully.
You don’t have to limit yourself to the preceding options. You can look at stocks, bonds, commodities, currency, real estate, comic books, baseball cards, autographs, and so much more. Be careful when investing, and make sure that you weigh the risks, to ensure that you are prepared, just in case anything goes awry.