Investing is a tricky subject and many people don’t know where to start. In this article, we’re going to outline some of the best ways to invest $100,000. The following are six of the most practical investments you could make with your hard-earned money.
1) Buying property for investment or living
Buying property is one of the most practical investments you could make. If you’re looking to buy an apartment or house for yourself, it’s important to think about the costs associated with ownership.
The big expenses are credit checks and interest rates. A credit check and interest rate are also common when buying a house for investment purposes. They charge 3% to 5% in fees.
The purpose of buying property is usually to increase your income or simply as a place to live or invest your money. You can invest in houses by purchasing properties with various conditions and plans like renovation, renovation plus, renovations plus with extra profit added, etc.
2) Buying shares
The next thing to consider is buying shares. This is a common way to grow wealth through investing. You have the ability to buy into big companies like Apple and Amazon, as well as smaller companies.
Start off by learning more about the company first then decide if it’s something you would like to invest in. Keep in mind that you need an IRA or 401k plan set up, along with investing/brokerage account to buy these types of stocks.
3) Buying a franchise
Another practical way is investing in a franchise instead of opening up your own business from scratch. A franchise offers many benefits over starting your own business from the ground up.
4) Buying retail
Retail is another way to make money and is pretty straightforward. You can buy goods from different companies at wholesale prices then sell them at your own shop or website. You’re not going to make a whole lot of money on retail, but it’s still a good investment. The same goes with owning a retail store as well.
5) Buying bonds
Bonds are another good investment to consider. They allow you to invest in different securities that are more stable such as government bonds, corporate bonds, and municipal bonds. In order to invest in government bonds, you must be 18 years old or older and have an IRA or 401k plan set up with the IRS.
6) Investing in coins
Investing in coins is a great way to increase the value of your portfolio without spending a lot of time researching stocks and bonds. Coins have different values and can make you money when the general market isn’t doing well. It’s important to research what coins are best for your portfolio.
By following these six practical ways to invest $100,000 you can easily grow your wealth over time. The best part is that you don’t really need a lot of knowledge or skills in order to do so. Some of the advice given is investment advice that has been passed down through generations, while other pieces will help teach you how to make better financial decisions going forward.
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