Have you got a bit of extra money lying around? It's a good problem to have. But it also means you might need a bit of advice on where to invest it. After all, the investment economy has seen massive changes over the last few years. What once used to be a good idea and a safe place for you money, now might not be. Not only that, but interest rates have taken a hammering. You used to be able to leave your money in the bank and would expect to get around 5%, but now you'd struggle to find that in a normal savings account. So where is the best place to invest your money?
If you'd rather not think about long-term returns and a steady percentage income from your investment, you might just want to gamble it. After all, all investments are a gamble, although most are much lower risk than this. That's right, gambling with your savings on sports isn't necessarily the best idea. It's extremely high risk, and will probably leave you with nothing left. Maybe the best option could be to place MOST of your savings in other investment metrics (we'll look at them in a minute) while leaving a bit for a flutter? Then you can have fun and stability. For the best odds, you can find them on bet-wv.com
While more traditional savings accounts might still be the mainstay of the investment world, they aren't the only places you can leave your money. Did you know that certain classic cars have been going up in value over the last few years? If you do your research, you can find makes and models that will keep their value and hopefully go up, rather than depreciate like most cars do.
The art world has long been a good place to put your money. Even in the global economic crisis, it saw huge gains. While you might not be able to afford the most expensive hundred-million+ fine art sales prices---there's a bit of the market for everyone. You could look at more affordable artists who can be snapped up for a few hundred dollars.
Peer-to-peer lending has seen huge growth over the last few years. It's a great way to put lenders together with entrepreneurs and could net you way more than putting your money in the bank. Some of these clubs are also insured and might be less risk than you think. Have a look at see what you could get with your money.
Cryptocurrencies like BitCoin saw massive gains over the last few years, before dropping off considerably. This is another high risk strategy, but the right coin at the right time could still net you a good return.
As with any investment, make sure you do a lot of research and don't just rely on one or two sources of information. Always be ready to walk away with a loss and don't chase losses. Make sure you never invest more than you can afford to lose in any high-risk investment option.