Its literally what makes it possible for normal people to retire with a million dollars.
But for the average person, learning how to invest can be overwhelming.
), but what else can you do to grow your money?
There are so many different options that it can feel like were gambling.
And to some extent, it is a gamble.
Investing comes with varying levels of risk; it just depends on how much youre willing to lose.
Three of The Riskiest Investments to Put Your Money Into
1.
Bitcoin
Theres no doubt that bitcoin is exciting.
The promise of a decentralized way to pay for things?
Such a cool concept.
But for now, bitcoin remains a speculative investment.
That means the price can fluctuate like crazy.
Its peaked at $20,000 and plummeted to below $4,000.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Well keep it updated as offers changes or expire.
Because of how rare they are (gold especially), they are super volatile.
If a new gold mine is found, the price can suddenly drop.
Plus, both metals have tended to underperform compared to the S&P 500 in the long term.
Collectibles
Do you collect stamps, vintage Coca-Cola signage or shot glasses?
Well, for one, those assets arent liquid.
You cant just bring them to a bank and exchange them for cash.
They can be really hard to sell, leaving you with a big investment but no way out.
To put that in perspective, its almost twice the tax a middle-income earner would pay for long-held stocks.
So while the markets are unpredictable, they still tend to go up over time.
If you havent started investing and have some money to spare, you might start small.
Investing doesnt require you throwing thousands of dollars at full shares of stocks.
In fact, you’re free to get started with as little as $1.
But it makes it simple by breaking them down into categories based on your personal goals.
Want to invest conservatively right now?
Want to dip in with moderate or aggressive risk?
Do what you feel.
Subscription plans start at $1 a month.
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*For Securities priced over $1,000, purchase of fractional shares starts at $0.05.
The Penny Hoarder is a Paid Affiliate/partner of Stash.
Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
