Investing your money – the smart options
With interest rates being what they are (generally not so hot!), more and more of us are choosing to invest our money in other areas, which undoubtedly can be a fantastic way to see our money grow more healthily.
And these days investing really is for everyone, and there are plenty of great options meaning that you can always get your money working for you. If you’re not sure of how to get started, or are simply looking for a bit of investment inspiration, then you’ve come to the right place! Find out a bit about just a few of the accessible options out there.
Particularly popular amongst those of us that are perhaps a bit older and have seen the children fly the nest already, real estate investment is big business, especially considering how many people rent these days, particularly in larger cities.
There are 2 main ways of getting involved in real estate investment – the first is to simply buy a second property (technically if you already own your home, you’ve previously invested in real estate anyway), with the intention to rent it out whether that’s to students, visitors (like Air BnB) or long term tenants. If you’ve got the time to stay on top of things, this can be so rewarding and a great way to earn from an extra property.
Another way is though real estate investment funds, which is when a real estate investment manager collates investors to invest and fund carefully selected properties. Thus you skip any of the hassle of investing in a property, yet still get to use your money in this practical way.
This type of investment is perfect for people that want their money looked after, and by a dedicated manager and team. Basically private equity involves a manager collecting funds from various investors, which is then used to invest in companies.
This investment can then boost and help company growth, which then means healthier returns on your money. It’s a win-win situation for everyone.
To start you off in getting invested in private equity, we recommend taking a look at Goodwin’s private equity team which boasts a lot of experience, as well as more information on how you can get involved.
Particularly popular amongst younger investors, investment apps are becoming big business, and are a great way to dip your toe into the investment waters so to speak. With apps that let you invest spare change up to more significant amounts, with your Smartphone you can invest in companies and start-ups anytime, anywhere.
The easiest way to find these apps out is to simply search in the Google Play store or App Store under investment. There are loads of options, and it makes finding an investment niche that you’re interested in so easy. For the cost of a take away coffee, you can start getting in on that rewarding investment action!
Investing your money is always going to be a sound financial move, and with plenty of different options to suit all lifestyles, the time to start using your money wisely is now.