For many people, a New Year’s resolution is to start saving money. For others, it’s to stop saving money and start investing money. But if you’re new to investing, you may not know where to start.
No worries. We’ve got you covered. Below are five good tips for anyone investing for the first time in 2019.
Investing in 2019: Your Guide
Gold is generally considered a safe investment and many investors use it to diversify their portfolio. The value of gold is based on supply and demand, and gold is used in everything from jewelry and computers to dentistry and the aerospace industry. One advantage of investing in gold is that it often performs best when the rest of the market is down, such as during wartime or a recession.
We’ve all heard of real estate moguls who’ve made a fortune from selling luxury beachfront properties. But you don’t have to be a high-end real estate agent to make a sound investment. If you have an extra room, you can turn it into rental space for a roommate or list it for rent on a vacation rental site. This is a great first step into the world of real estate investing.
You don’t need to know the ins and outs of the stock market to get some skin in the game. There are a number of good stock options for first-time investors that can get you off and running.
If your employer does not offer an IRA, you aren’t out of luck. Anyone can open an IRA account and begin contributing immediately. You can choose your level of risk, and an IRA can provide a long-term investment tool for anyone.
When you buy a bond, you are lending money to a company, or the government and the seller of the bond agrees to pay you back with interest at a later date. It’s essentially an I.O.U., and they are a generally safe way to invest your money.
Start Your Investment With a Loan
Of course, you can’t invest in anything at all if you don’t have any money to invest in the first place. A payday loan or title loan from Cash Fast Loan Centers in Charlotte, North Carolina, can provide you with the money you need to start investing. Visit us today to take the first step toward a better tomorrow.