Where to invest my money?
Im not going to tell you where to invest your money. That’s a personal decision. Some people are comportable with real estate. Some people invest by buying automobiles wholesale and reselling them at retail.
Other people invest in mutual funds because they want someone else to worry about the safety and return on their money. And still others invest in individual stocks and bonds because that is their area of expertise.
So should you invest in tax lien certificates or cattle? It’s up to you.
The more aggressive your investment portfolio, the greater the chance of an impressive gain or unpressive loss. Evryone has his own tolerance for risk.
Just make sure to consider the safety of your investment fund. A low return that insures your capital makes it easier to sleep at night.
However, if your expertise is in a certain type of investment, go for it. You’ll get a better return as an expert when your wits are pitted against amateurs. I have friend who buys surplus valves, reconditions them, and resells them to the general market. His return on investment is over 200% because he understands, and is an expert, in his market.
So, if you know the ins and outs of the local real estate market, invest there. If you know the ins and outs of stocks and bonds, invest there.
And as a side note, one of the best places to invest is in yourself. If you invested $300 or $600 in a class or training that helps you earn an extra $1,000 or $2,000 a year, this would be a higher rate of return than almost any investment imagenable.
Always make sure to invest in youself….unless you think you would be a bad investment.
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