Making your money work!

[K]

Hey chaps, something on my mind lately...

How do you make your money work for you?

We all know banks and interest rates are shit to non existent - so my question is, where do you advise putting your money to make it grow?

Property, stock, under the bed etc?

 

[tuan smash]

Keep it liquid so you can capitalize on a good opportunity when it arises.

Also just putting it back into new projects, businesses, and current business growth etc.

I know Jay has a fetish for buying gold etc...

 

[jay smash]

Like tuan said.. gold, silver coins and bars are good to fall back on in tuff times.. also great feeling to sell when the time is right Overall theres no one size fits all answer

 

[anislagan]

Buying real property perhaps and let the rent pay out the monthly mortgage repayments..

 

[KayHu]

Is real estate still actual or ppl nowadays go more online and virtual?

 

[Ashton]

I think it'll always remain actual. Nevertheless everything is online nowadays. I buy stocks, for example. BTW, what sources do you use? I've recently came across with Ally Invest self-directed trading. I've read the reviews about them, and it caught my attention. Has anybody tried this?

 

[Graybeard]

If you can handle the capital risks:

REITs and ETFs (stock market) are selling at discounts that are Yielding over 10%, in some cases as much or more than 18% right now.

Real Estate is good but not very liquid. In most cases you sell all of a property or none.