- johnhowardfundauParticipant@johnhowardfundauJoin Date: 2021Post Count: 0
Anyone could suggest to me what are the best investment options? What do u mean by investment?BennyModerator@bennyJoin Date: 2002Post Count: 1,416
What do you mean by “best”? Cheapest? Safest? Best return? Easiest?
BennyTerrywParticipant@terrywJoin Date: 2001Post Count: 16,213CashHouseBuyerParticipant@cashhousebuyerJoin Date: 2021Post Count: 0
Thats like asking what the best food is. Ice cream – but not so good for breakfast perhaps.
Well said. I will add that based on the nature of your question I would say the best investment you could make is in education. I am not saying to pay a guru or go to expensive seminars. I am am just saying start reading books and forums like this.
CashHouseBuyer | NOLA Cash House Buyer
Property Flipper and LandlordChaintopParticipant@chaintopJoin Date: 2021Post Count: 0
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Are you interested in long-term investment or…? Even though I’m not sure what do you actually mean, I’ll do my best to give you a proper answer. By investment, people are often referring to buy an asset that can help them gain profit over a period of time. Or, as it’s often known: passive income. Most people invested in the property over the years, and by renting them, they earn a profit. This requires the most money, in my opinion. Nowadays, people often invest in cryptocurrencies and buy shares. Another great way of investment is in forex trading. The last it’s what I personally do. I invest in forextb.com, and so far, I have made some money. It took me months to understand how it works, and I still have many things to learn. I hope this was helpful.
StevenParticipant@steven1982Join Date: 2017Post Count: 189
- This reply was modified 1 month, 3 weeks ago by Chaintop.
I would say the best investment you could make is in education
Also per one of my posts in the forum.
Work out what you want to achieve first, then work out a strategy that aligns with your goal (eg: if you want to live of 20+ IPs passive income and be able to quit your job, then the strategy of buying negative gearing IPs probably isn’t going to align with your goal very well).
Then find the right suburb / area that can work based on both your strategy and your finance.
Only then start looking for specific properties.Colin RiceParticipant@fmsJoin Date: 2011Post Count: 338
There are three basic investment vehicles;
3. Term deposits
Best to start educating yourself around these vehicles and how to drive them.