“[Entrepreneur] is a word that means you’re going to work, take risk, be disappointed. It’s a big commitment. “ Diane Hendricks, Cofounder of ABC Supply.
Keep in mind that, investing mean more money. So, what are the best investments that I can make in 2018? And, that will generate a great revenue for me.
So, if you are thinking about start making more money this year, you can think about one (or more) of these strategies, that will help you achieve your goal, and work toward your retirement at the same time.
The best investment to start with is the stock market, yes, it is the basic thing to do. Don’t be terrify of investing in stock market. There are a lot of strategies that will help you to find your way to make millions from it. Also, there are a lot of online platforms that give you the opportunity to invest in the stock market and keep making money without doing anything.
One of these platforms, is ETORO. Yes, it is a trading network, that allows you to copy other successful traders and start making money from what they do. Sign up now to Etoro Network and start making real money.
An important advice, is don’t invest all your assets in the stock market. And, even if you did try to diversify your stocks as much as you can.
You can use a strategy called DOLLAR COST AVERAGING, which means that you need to invest a sum of your money on a period and the other sum on another period. Don’t put all your money at the same time. For example, start by putting $500 at the first time, then invest $600 next month or next year. This strategy has proven to make investors more comfortable.
Also, we prefer investing in the mutual funds or the ETFs, because of minimal risk provided by them. An important thing is to start your journey of investing with the index funds, from across the market components. Which will provide super cheap fees and minimize the risk.
In addition, you will find too many online brokers, that you choose from them who will help you.
A very important advice from the experts, is in the start, don’t invest in the individual stocks because of the higher risk. Or, at least try to diversify as maximum as you can your portfolio.
Second investing zone, is the peer to peer lending. The best thing about it, is that you will be the bank. Yes, you will give loans and collect interests, as easy as it sounds.
A very process, because there are a lot of online platform that will protect your money and guarantee that you will get you interests. And, they provide also some important coverages.
The third investing method, is the real estate. Yes, you must know someone who is killing it with the real estates. It provides less risk, but keep in mind that it’s not going to be easy. To buy, sell or rent, you need to be expert or at least know the basic things before investing in it.
Finally, and as we said before, the best investment to do in 2018 or even in 2999 is to invest in yourself. The world is changing day after day, and not year after year. We must update ourselves same as we do with computers.
Start investing in books, try to read as maximum books as you can. Or at least, download them online and start reading.
In addition, buy courses and seminars and try to develop at least one new skill every six months.
Keep in mind, also the coaching program, that will change all your carrier. And, don’t care about how much you are going to pay, but think about the return.
The final advice is to start investing now, and you’ll thank yourself later. Yes, the key is to start. Follow these steps and you will turn your 500$ into more that $1 million.