This covid season has brought a lot of woes and worries, a lot of people are frustrated from jobs (some have lost theirs) and do not know what to do. The best way is to find a way to make good investment with the little you have while you still can.
What is an investment?
Investment is the way not to just save money but to also increase it's worth or value multiple times. What you invest in should ultimately yield higher profit or returns for you. Generally, making an investment enables you to be responsible and secure as the value of what you invest into ( assets) increases and can be used valuably in future for any emergencies. There're various methods which you can follow to invest for your future in view of The banking system, the bond system, the share market system which are some common terms used to imply where you can invest and they allow some profit earning opportunity. Let’s talk about two main investment methods.
Direct Equity is about a long term growth. It is also known as Foreign Direct investment and invests capital allocation in exchange for an equity interest without the purchase of regular shares of a company's stock. This becomes possible when company in one country opens up it's own business operation in another or foreign country. Direct equity has no guarantee of return however, it is volatile asset that is usually not easy for everyone to handle. By it's nature, It’s not simple to invest into this market real timely. Also, the right stock at the right time is tough to contemplate in this way of investment. Higher than the returns from inflation-adjusted, the only beauty of this investment is for over long period an investor can be able to have higher returns in the long run. Company stocks are invested in this way and they are kept safe and secure in this way.
Bank Fixed Deposits
Banks systems are considered to be the safest in terms of investment. A lot of securities or measures are put in place to ensure that your investments are safe. These are fixed as they can be invested at one time till maturity. This could be six (6) months, twelve (12) months etc as determined and agreed by you and the respective bank. Only after this, you can be able to take the profit from banks together with the principal.
Aside these, you can also invest in fixed properties such as real estates etc or in small businesses that can yield high returns. Also, you can invest in yourself by reading more books and building on knowledge, who knows? You might have relevant skills and knowledge from that that will be in demand one day.
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