Investing can include a lot of things , other than the stock market . What have your best investments been ?
Since the war in Ukraine has begun, everyone is keen on the idea of investing money. Many people are afraid of currency devaluation and inflation. In fact, money investment is a usual process that we do daily, but in smaller proportions. Food, books, or fuel are sort of daily investments for a more qualitative life. Investments of higher proportions are real estate, stock markets, cars, lands, and businesses. In the last months, many companies that report business credit started to sell their own stocks. The reasons for such speculative selling are unknown. We, simple people, can only guess what is happening above us.
Even if I'm afraid to lose my money, I'm skeptical about investments in these unpredictable times.
This is true; very few people think about debt reduction. Especially when it is the case with mortgages. I feel like this is the best investment you could make because it will guarantee you freedom from debt. Unfortunately, people don't have the experience and the knowledge about mortgages from the start. Still, they could take advice from a reliable specialist in this domain, like Mortgage Advice Bristol. It is always better to pay a broker for help in such a situation, but be attentive. They don't take responsibility for your money and time. So, trust yourself first.
Few people think about debt reduction. Those that do know to pay off higher interest with lower interest charges. But always pay the minimum & on time. A low credit score means you are a higher risk & pay more for any loans. I suggest everyone open all of their standard credit card offers. I once opened an offer of no fee, no interest loan , for one year. I maxed that baby out & paid off multiple loans, boosting my credit score, with free money for a year. So peruse your standard mail. 'Ya never know what's in there.
15% interest on long term CDs were very nice.
Dividend paying stocks
Real estate purchased during the downturns have been profitable.
$9.00 silver sold for $26.00 an oz
A spouse who left me a nice cushion
My dogs who gave me an incalculable amount of love.
Preparation + opportunity = success.
When the opportunity does not present., prepare for when it does.
Learn & read & study. Assuming one has enough years in which to do that.
Start young & reap rewards.
But remember to diversify. Aggressive while young. Moderate when an elder.
And bulls make money, bears make money. Pigs are slaughtered.