Is the coming year marking a time for a new you?
What about a new bank balance?
If you’ve got a spare chunk of cash, you should be looking to the new year as a new horizon for your money. You should be thinking about making an investment in 2017. If you’re looking to get off the mark with financial investment or expand your investment portfolio in the coming year, there are a number of ideas listed below for you to research.
Firstly, the Vanguard of John Bogle is a great start point. Vanguard is a great way to invest and brought a simple method of low-cost index mutual fund investing. Most Vanguard funds require a starting capital of around $3,000 so you must save your dollars up to afford entry, but once you’re in, your money will be invested into four different funds. This is a great way to diversify your investment and a brilliant point to start off with.
Investing doesn’t end with invisible funds, though. Property and investing into bricks and mortar can get you far. There are many avenues for you to take when investing into a physical presence. You can rent out a commercial property to a business or two – or you could go down the traditional path of leasing a property to residential tenants. There are some interesting and exciting investment opportunities across the world in property and you may find yourself owning a ranch, or even a hunting ground. Remember that being a landlord isn’t easy, and although you’ll be taking money like a credit card reader, you’ve got a job to do. Keep your property fit for purpose and talk with your tenants about how the property is doing. Ensure your investment not only fulfills your needs, but the needs of the tenants occupying the space.
Remember that you’re going to need capital to start your investing journey off, so ensure you stick to a budget if you’ve not quite gathered the cash. Cut pointless purchases to a minimum and ensure you buy the cheaper options when you can. Your capital will be there in no-time at all, ready and waiting to be planted into the investment opportunity of your choice. This blog has spoken at length about how spending is an emotional decision, so why don’t we try to keep our money safe and foster it. Imagine it as a plant, it needs to be cared for and watered. If we are constantly throwing away money in return for things we don’t need, we’re not going to be able to build a tree with our money! We need our money to give back to us and if we use and abuse it, it’s not going to be able to have the chance. Stay conservative with your finances and use the surplus to build a tidy fund that can be invested wisely. Nobody knows what the future holds, but we can certainly try our best to be behind the wheel!