Investing your money is the best way to increase your wealth for the future.
Whilst many people nowadays have a very short term focus, those that focus on investing for the long term will most definitely reap the rewards in the years to come.
Learning to invest is the exact way living legends like Warren Buffett made their fortunes.
However, the key is to invest for the long term.
But in order to do so where do you go?
Well, look no further for here are the 3 best ways to invest your money…
Invest in Individual Companies or Stocks
It doesn’t take a rocket scientist to figure out that companies we rely on every single day are absolutely humongous.
Think of Apple, Google, Facebook, Amazon and so on. But whilst many people buy these companies products that is usually where their relationship with the company ends.
However, if you are constantly buying the new iPhone and your friends are also buying one then whilst you may feel happy with your new phone the people who own Apple feel even better as the more you buy the more money they make.
So why not own a piece of the company?
That’s right, if you bought Apple stock you too can tap into the growth of the very company you are helping to grow!
Sounds simple, perhaps too simple.
Yet, that’s why the very few people who do it are successfully investing for the long term.
The reality is most of you already know a lot about a company as you buy their hottest products and know when the quality starts to fall or the new products just aren’t that great.
That makes you an ideal investor as you already know about the company, or stock, you will invest your money in.
It really doesn’t have to be harder than that. Many fortunes of the billionaire club were made in the stock market investing in companies and there is absolutely no reason why you can’t do the same whether you are investing with $1,000 or $100,000.
Invest in Commodities
This one is also not rocket scientist.
What’s the one thing you use every single day without fail?
Whether it’s driving the kids to school, getting the bus or train to work or flying abroad for the weekend – you are consuming oil to do so.
So why not invest in the piece of this black gold as remember it’s in limited supply as we can’t create it but rather dig it up from the earth making it very precious indeed.
Whilst you’re at it you may even consider other commodities that we rely on such as gold, copper, corn, wheat, coffee and the list goes on.
The great thing about investing in commodities is the fact you can go to the futures market online and start investing straight away or you can find individual companies that manufacture commodities such as BP or Shell who are the biggest oil producing companies in the world.
Invest in Currencies
The currency market is now one of the largest markets in the world with a daily average trading volume of over $5 trillion.
That’s why, now more than ever, people are investing in currencies that are strong.
As it is such a big market investing for the long term may only mean three months as the currency market can experience very large moves.
However, every now and again policy actions from central banks can cause long term moves in the currency markets making it an ideal place for many investors.
Whilst you can invest directly into the currency market by opening an account with any currency broker there are other ways to capitalise on a currency move.
For example the launch of currency ETFs (Exchange Traded Funds) has proven to be a very popular way to invest in the financial markets as it allows you to invest in different markets, such as currencies, just like a stock (an ETF is a fund traded on a stock exchange).
These are the 3 best ways to invest your money for the long term that will continue to be around for a very long time, ensuring your long term wealth plans.
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