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The Riches - Investment Advice To Get You There   Add to wiki
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Tags: Money, Making money, investments, good investments, smart money choices, saving

All of us are chasing after that finish line, the good life, where we don't have to worry about money and everything is just taken care of. Something that can help you on your race is to invest your money wisely and here are some tips that you may find helpful.

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  • Make sure you hold some good old stocks that will produce a DIVIDEND every quarter no matter what the broader market is doing.
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  • Invest in Blue Chip Stocks.
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  • Get a high yield savings account.
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  • Coffee futures.
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  • Marry Bill Gates.
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  • Make sure you have some good bond fund holdings that will pay out EVERY month no matter what the stock market is doing.
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  • When you invest don't follow some dummies hot tip. Buy for the long term and understand what you are buying. Buy no-load funds if you are buying index funds it's much cheaper that way.
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  • Find stocks with low multiples (P/E) and low PEG (P/E over growth) ratios. Research companies thoroughly. Buy in phases if everything looks ok. Incrementally take money off the table if the stock goes up. Eventually if everything goes right, money will be made.
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  • Real estate. It's not some fad thing though. Don't expect to make much in the few months. It's a long-term investment, meaning that it's not like hitting the lottery. You're not going to wake up and find 10 million dollars in the bank account. It's a safe way of generating a good amount of supplemental income.
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  • I believe that the best way to make money is have your money work for you. An example of this is setting up a savings account with a high yield. There are many online banking sites that pay 5% or more. This is an easy way to increase your wealth.
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  • The best way that I’m making money is through stocks on my 401k through work, I can make my contributions as high or none at all and the amount of my contribution increases the amount of stock I will own just like the stock market. I am also starting to invest in real estate by buying auctioned homes, fixing them up and reselling them for profit or renting them out for continual profit every month.
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  • Start and keep an investment account at your bank. With as little as $100 in a Capital One Direct Banking account, you can earn up to 4.5% currently.
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  • The most risky but potentially high revenue in the short term is by investing in the stock market or playing with lotto draws or casino games.
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  • If you want quick returns on investment start trading with stocks. Don’t be a person who just invest and watch your money grow. Keep updated you about the financial world. Keep on booking profits don’t wait for huge returns with one stock only. Divide your money equally and invest in a wide range of stock and decide the top and bottom band. Top band - price when you will book your profits and bottom band - rate at which you will cut your loses. In this way with total involvement and a good feel on the stock market pulse, you can make a lot of money really fast.
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  • Research and buy penny stocks.
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  • Property investment, especially in rapidly developing areas. Once you own properties, you can also create "self-sustaining" income, like rental storage spaces.
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  • Don't ever buy anything other than term life insurance. This won't make you money but it will keep you from spending money that you didn't need to.
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  • Find a good discount broker IF and only IF you are comfortable making your own trading decisions. If you aren't then paying extra can keep you from making bad trades that cost you much more in the long run.
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  • I believe one of the ways to make money is to buy, silver and gold coins. For starters it takes a lot of personnel knowledge that most people don’t have. The only problem with this however the more money you have the better coins you can get but that doesn’t say you can find bargains from time to time or get burn by it as well. Then there a wide field of coins for example China, USA and or Europe. There are others as well you take your pick and go from there.
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  • Watch cramer's MAD MONEY on cnbc...I find it helpful. I attribute his rantings to about $1400 profit since last July.
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  • Buy a stock index mutual fund. It has low a turnover rate, so it will keep capital gains taxes low.
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  • Technology Stocks (best Nov-Dec)
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  • Be willing to say no. Too many people jump on the first opportunity they get and think it's a sure thing to get rich quick. If you're looking to start a business be willing to wait for the right opportunity. When you find an opportunity that suits you well, then you grab on and go.
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  • Listen to people who have been around. While you have to make your own decisions, listen to the advice of people who have gone before you, either in your career or in the field of business in general. There are always lessons to be learned, and the richest of the rich will almost always be able to tell you one or two people who taught them what they know.
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  • Invest in new homes at the beginning of the community. While the house is being built it will gain equity. Then you sell it after it is completed at a higher price estalihed by the builder price increases.
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  • Invest in retail stocks such as PetSmart that are specialty and dominating their market as they grow strongly.
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  • Get government contracts.
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  • Get government grants.
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  • A very reliable way to make money over time is to invest in an index fund. Over the long haul the stock market will give you a solid return. An index fund that tracks not only the US large-cap equities market but also international, small-cap, and bond funds will give you the most balance; if one goes down, others will probably go up.

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