Beginning to navigate the complex field of the stock market can be quite daunting, as can starting a relationship with a Stockbroker. Allowing somebody to take a level of responsibility over your finances should be something that is taken seriously. In this blog, we aim to explore the 5 questions to ask your potential Stockbroker before hiring them.
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With a global pandemic still raging around the world, you may be wondering if there are any good investment opportunities and if you know where to look, there are. There are markets which usually rally in times of uncertainty, and if you have the funds available, they could prove to be a lucrative investment.
Retirement is that time of your life when you may no longer have a regular source of income. It is the time when you have to live on the money you have accumulated throughout your professional life. So the earlier you start saving for your retirement, the more money you will have at the time of your retirement.
Are you looking for a new way to invest your money? Well, why not try these unusual but lucrative forms of investment?
Peer-to-Peer Lending
This is a new form of lending and borrowing that is really starting to gain popularity among borrowers and lenders alike. Instead of borrowing from a bank or another type of large lender, borrowers can now borrow from ordinary people. If you want to become a lender, you just use one of the online organisations that operate peer-to-peer lending opportunities. You make money from the interest that is charged to the borrower, making it a great way to make money. Make sure you use a reputable organisation to do this though.
Stamps
There are millions of stamp collectors around the world, so you could potentially make a lot of money from investing in stamps. This is all about tracking down certain stamps and finding out how much they’re worth. Obviously, to make money, you need to buy them at low prices and sell them at higher rates. To be able to do this, you need to teach yourself about stamps and the stamp collecting world. It’s impossible to make money on stamps unless you know what you’re doing.
A lot of people still look at the investment market with a cautious eye. They’ve heard stories of bankrupt stock brokers and risky investments. Now, there is a certain element of this on Wall Street. However, they are just the stories that make the headlines. In reality, investing is a sensible and savvy way to make your money work harder for you. Let’s face it, it’s making only a trickle of interest in your savings account, right? Let’s look at the easy options for first-time investors.
Precious metals – Savvy investors always tend to keep a certain amount of money in gold. It’s one of the safest, most secure investments out there, and very easy to get started. Gold is often considered the ‘anchor’ investment. Because, no matter how volatile the stock market, it stands strong. Gold is the investor’s safety net. So, as a beginner, it’s a great place to begin investing your money. It’s a sensible place to start earning a few small dividends.