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What is the best kind of Investment for my money to grow? |
What is the best kind of Investment for my money to grow? There is no one best type of investment. It all depends upon your individual situaion. Many circumstances such as time frame, risk tolerance, and what purpose the money is for (just to name a few) play a huge factor in determining how you should invest. My best advice is to try not to chase returns. People who do that almost always buy and sell at the wrong times. A good disciplined investment strategy that is tailored to your individual situation is the best thing. I would recomend finding a good financial advisor that you can talk to. The important thing is to find someone that you can trust. Try talking to some friends/relatives and asking for referals. Maybe someone you know works with someone they really like. There is no magic formula to investing. It is not gambling or a get rich quick scheme. If you develope a good investment strategy and stay disciplined, in the long run you will be very happy. The best kind is the one you don't have to think about and that consistantly grows at a slow, but steady rate for the next 50 years..... and has a very low management and sales fee. Try Vanguard Index funds, like the Fortune 500 index. Invest in Mutual funds that are growth oriented. buy property Real estate. Land use it live in it fix it up sell it for a profit see any problems with that. it depends on your investor profile. do you like high returns (with high risk) moderate returns (with moderate risks) or low returns (wth low risks) |
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