Investing your money sounds intimidating if you’ve never done it before. The good news is that it isn’t as hard as you think. When investing is one of the best ways to build your wealth, it’s something you need to learn how to do.
Are you curious about the ways you can invest your money? Keep reading to learn three simple investment strategies beginners can follow.
1. Annuities
Are you tired of paying money to your insurance company? How about getting them to pay you?
An annuity will allow you to do that. Take fixed deferred annuities, for instance. This investment is like a savings account that you withdraw some time in the future. Insurance companies typically put these funds into long-term bonds, which provide a higher interest rate than some of your other options.
2. Real Estate
Are you tired of paying rent? It might be time to start thinking about becoming a landlord.
It makes more sense to have someone else pay off your rent for you. When you invest in real estate, you have this option. You can start with single-family homes or multi-family units. Once you build enough net worth, you can start looking at apartment buildings to invest in.
3. Index Funds
Are you interested in investing in the stock market but don’t want to pick stocks yourself? Index funds are a great place to start.
A total market index fund will give you shares in the top companies of a market. Doing this is easy and will spread your risk across multiple companies.
Don’t Wait to Start Investing
The last thing you want is for your money to be sitting in a low-interest checking account. You’re never going to be able to build your wealth like that. Look into the investment strategies above to start making your money work for you.
