Where To Invest Money To Get Good Returns

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If you want to know where to invest money to get good returns then this is the post you have been looking for.

We will go over 10 of the best investment options you can use right now to grow your money!

Long past are the times when earning a lot and saving most of it was deemed a sound way of achieving financial security.

If you want financial freedom then you need to invest your money using proven methods to grow your money.

The rapid rise in the number of people, both young and old, choosing to invest their money in various investment options over the last few years is a clear indicator of people’s changed mindset and their willingness to try new things to maximize their capital’s value.

But not all investment options are alike or suited to everybody. You should analyze your priorities, the risk factors, and, of course, the returns before deciding on a plan to put your money into.

Let’s get into the best investment options to invest your money to get good returns…

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    Individual Stocks

    Investing in individual stocks

    If you are looking for good returns on your money then one of the best options is to invest in individual stocks.

    Individual stocks are just shares in a specific company like Apple, Microsoft, Coca Cola, etc…

    Investing in individual stocks is a great way to get great returns on your money because you can select companies that are growing fast and get a piece of the pie!

    However, if you choose to invest in individual stocks then you need to analyze each company you choose to invest in to ensure you are making a smart decision.

    As you already know, stocks can go up but they also go down so you have to be smart with your investment decisions to ensure you are making money not losing money!

    If you want to invest in individual stocks then I recommend checking out Robinhood and Webull.

    With Robinhood and Webull you can invest in individual stocks for absolutely free, yes that’s right, no fees for buying and selling stocks!

    Plus, when you sign up to Robinhood or Webull with my link you will get free stocks so I highly recommend signing up for both platforms!

    Individual stocks are a great option to invest money to get good returns so definitely consider it but make sure you aren’t just randomly investing in companies.

    Index Funds

    Invest in index funds

    Individual stocks can be tricky and it can be a hassle trying to find great companies to invest in for good returns so if you are looking for a more passive approach then I recommend investing in index funds.

    Index funds mirror a specific index such as the S&P 500 so that you are investing in the broad market without cherry-picking out specific companies.

    This means that you are more diversified thus meaning you are taking less of a risk.

    Individual companies can go under but the 500 largest companies in the U.S will never go under at the same time.

    You can also invest in the total U.S stock market, total world stock market, etc…

    Historically, the stock market keeps going up and it’s very likely that it will continue to do so, which means that you will make money by investing in index funds.

    If you want to invest in index funds then I recommend using Wealthfront which is an amazing platform that does all the work for you!

    Wealthfront is a Robo-advisor which means that complicated algorithms are used to make you as much money as possible depending on the amount of risk you are willing to take.

    Plus, when you sign up to Wealthfront with my link you will get $5,000 managed for free, which means you don’t have to pay fees!

    Index funds are a great option for passive investors looking to invest money to get good returns so it’s definitely worth checking out.

    ETFs (Exchange Traded Funds)

    Exchange traded funds

    Another investing option that is similar to index funds is ETFs which stands for Exchange Traded Funds.

    In fact, ETFs are pretty much the same as index funds or mutual funds (we’ll go over this next) but the differences are that ETFs can be traded easier and there is no minimum needed to invest.

    ETFs are traded just like individual stocks but they consist of stocks in many different companies.

    For example, you can invest in an ETF that consists of companies in a certain sector like technology, green energy, real estate, etc…

    This is a great option for long-term investors who want to invest in certain sectors/industries or want more liquidity than index funds.

    If you want to invest in ETFs then I recommend using Webull and Robinhood.

    With Webull and Robinhood you can invest in many different ETFs for free so I highly recommend checking out these platforms.

    Plus, don’t forget that if you sign up with my link to Webull and Robinhood you will get free stocks from both platforms.

    Investing In Mutual Funds

    Mutual funds

    Another option like index funds that you can use to make good returns on your money is mutual funds.

    Mutual funds are a basket of stocks that you invest in to make money.

    I know… I know… this sounds just like an index fund but the key difference here is that mutual funds are managed by a portfolio manager.

    The portfolio manager buys and sells stocks in the mutual fund to give the holders of the mutual fund the best performance possible.

    So, mutual funds are better than index funds since there is someone managing the fund, right?

    Well, not really… there are a lot of mutual funds that underperform index funds so just make sure you do your research before investing in a mutual fund.

    There are some that perform really well so just make sure you analyze the mutual fund properly and do your research on the portfolio manager.

    Also, keep in mind that mutual funds have fees with some being really high which can eat into your profits.

    If you want to invest in mutual funds I recommend checking out brokerages like Fidelity, E-Trade, Vanguard, etc…

    Cryptocurrencies

    Invest in cryptocurrencies

    If you want to know where to invest money to get good returns then you should consider investing in cryptocurrencies.

    Cryptocurrencies offer some of the highest returns but they are volatile and risky so approach this with caution.

    They are still in the speculation phase since there is no real-world use case for most cryptocurrencies as yet.

    However, even though it is risky to invest in cryptocurrencies they offer high returns on your money so it is definitely worth considering.

    I recommend allocating a small portion of your portfolio to cryptocurrencies so that you can get in on the explosive growth they offer but not be completely broke if they drop in price.

    If you are interested in investing in cryptocurrencies then I recommend using Coinbase which is a very popular and trustworthy platform.

    Plus, when you sign up to Coinbase with my link and purchase $100 in any cryptocurrency you will get $10 worth of Bitcoin for free!

    Cryptocurrencies are a great option to get good returns on your money so definitely check it out.

    High-Yield Savings Account

    use a high-yield savings account

    A really safe way to grow your money is to use a high-yield savings account.

    With a high-yield savings account, you take virtually no risk but the returns are very low compared to other options on this list.

    All you need to find is a trustworthy bank like CIT Bank that offers a high-yield savings account and then deposit your money into the account.

    Your money will then grow over time and that’s it!

    Now, as I mentioned before, the returns are low and your money might even lose purchasing power relative to inflation but it’s better than just keeping cash.

    I recommend using a high-yield savings account from CIT Bank where you can get one of the best interest rates in the U.S.

    High-yield saving accounts are great for those who want to take a lower risk and need cash easily accessible.

    CDs (Certificate Of Deposit)

    If you are looking for another safe option to invest money to get good returns then you should consider using CDs which stands for Certificate Of Deposits.

    CDs are basically a contract with a bank where you agree to lock away an amount of money for a set period of time and the bank will give you back your money plus interest.

    With CDs, you make more in interest than with high-yield savings accounts because the money is not accessible for a set amount of time.

    Different banks offer different interest rates and time periods for their CDs so just make sure you look around for the best deals.

    I recommend using CIT Bank which has some of the best CDs you can find so your money can grow safely!

    With CDs, you won’t make high growth on your money as you would with stocks or cryptocurrencies but it’s a safe option that you should definitely consider.

    CDs are great for those who want a safe investment that can offer good returns but don’t mind their money being locked away for a set period of time.

    Investing In Precious Metals

    Invest in precious metals

    A great investment that isn’t talked about much and that is not very popular is to invest in precious metals.

    Precious metals like Gold, Silver, Platinum, Palladium, etc… are very valuable and can increase in value over time.

    This means you can invest in these metals and get in on the action!

    One way you can do this is to physically purchase these metals and then sell them for a profit but this can be a hassle.

    The other way to invest in precious metals is to use a precious metals ETF.

    You can invest in an ETF that tracks a specific metal such as gold or silver or use an ETF that holds a basket of many different precious metals.

    Gold, for example, has always been one of the most dependable and profitable investments in the world.

    Its rarity and real-world value make it the most sought precious metal in the world and with Indians being the biggest gold lovers in the world, it’s an automatic choice for everybody looking for big returns on their investment.

    It’s an excellent investment plan for people who aren’t interested in keeping their wealth tied up for a long stretch of time.

    If you are interested in investing in a precious metals ETF I recommend using Robinhood or Webull to get commission-free trades!

    Investing In Bonds

    Invest in bonds

    Investing in bonds is a relatively secure and profitable option for investors who aren’t too keen on putting money into direct equity and mutual funds.

    There are different types of bonds such as government bonds, municipal bonds, treasury bonds, corporate bonds, etc…

    Bonds are similar to CDs because you are loaning money to the government or a company for a set time and you will then be paid your money back plus interest.

    For corporate bonds, returns on bond investments are independent of the company’s performance so the investors are looking at fixed returns during the investment term.

    The returns from investing in bonds are higher than other low-risk investment plans like fixed deposits.

    While the average returns in the case of a fixed deposit range from 6 – 7 percent, the average returns for bonds are about 6.5 – 8 percent.

    Bonds, both government and corporate are a wonderful option for those looking for a risk-free investment plan.

    Bonds with higher ratings are the most secure while people looking for higher returns can opt to go with lower-rated bonds that, while they carry a degree of risk, offer better gains.

    Investing In Company Fixed Deposits

    Company Fixed Deposits or Company FDs are one of the most popular and rewarding investment options you can find.

    This investment option is pretty much the same as CDs where you are loaning someone money for a set amount of time but the big differences are risk and reward.

    With company fixed deposits you will make more money than you would with a CD but there is more risk involved with this type of investment.

    Yes, interest rates are higher but there is a degree of risk involved as corporate fixed deposits.

    If the company goes bankrupt then there goes your money! It isn’t a secured option like CDs are.

    There are no insurance benefits involved and investors can not withdraw their money until maturity.

    It’s advisable you keep that in mind and pick a suitable investment period.

    Company fixed deposits are a wonderful option that offers high returns for people willing to invest for the long term.

    Real Estate

    Invest in real estate

    Last but not certainly not least is to use your money to invest in real estate.

    There are a few ways to invest in real estate, you can purchase properties and sell them for a profit, you can purchase rental properties to make money from tenants or you can wholesale real estate.

    Real estate is definitely more involved than investing in the stock market or cryptocurrencies but real estate can make you a lot of money!

    The first two options of investing in real estate I mentioned before are well known but many people don’t know about wholesaling real estate.

    Real estate wholesaling is simple the process of locking a house for sale under contract for a set price and then selling that contract to another buyer for a higher price.

    So, with real estate wholesaling you aren’t actually purchasing properties, you are just getting the contract to purchase the property and then passing it onto someone else for a profit.

    There are definitely risks with real estate wholesaling and investing in real estate in general so make sure you do your research to see if this is the right investment option for you.

    Conclusion

    There you go! If you wanted to know where to invest money to get good returns then you should definitely consider these options.

    Investing your money is one of the best ways to achieve financial freedom so you should definitely find the best options that work for you to invest your money.

    Just keep your risk tolerance in mind. Riskier investments usually result in higher returns but they might not be the right options for you.

    Do your research to find the best investments that fit your lifestyle and risk tolerance!

    If you liked this post then I recommend checking out my posts on 5 Best Places To Invest and Get Daily Returns and 9 Top Investing Apps For Beginners.

    What do you think of these investment options? What investments do you like the best? Let me know in the comments below!

    Are you ready to take control of your money? Check out these awesome money resources which will help you to make and save $1,000’s!
     

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      2 Comments

      1. A great investment of single stocks is Garbage Company stocks. Waste Connections, Waste Management, Repubic Services. No matter what the economic situation is Garbage always needs to be picked up. They always performed well in the stock market.

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