Where should you invest your money?

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(Newswire.net — July, 31, 2013) Phoneix, AZ– If you are learning how to invest money, but don’t know where to start read on to look at some tips that will guide you in that direction.

Real estate: With the housing market and the economy going up investors are feeling more comfortable in investing in real estates. Hopefully the last crash will be a cautionary tale for both investors and banks, but still be wary when it comes to any investment.

Product/service: Investing in a product/service you are passionate about can help you build your money. When you do invest your money read up on what the person/business is offering and whether it sounds like it will be a good investment for you or not.

Precious metals: The hot thing to buy right now is precious metals, particularly silver. The price of it hasn’t be this low in decades and is expected to outpace gold in the future. It may continue to fall in the short-term, but long-term you should see your investment turn a profit.  One investment guru, Mike Dillard, believes that investing in silver should be something every investor should do (check out his group The Elevation Group which offers advice on investments). He became a self-made millionaire by following the same investment strategies as other millionaires so he may be one to look into. 

Money Market Fund: This will give you a set return on your investment, but it won’t be as high as it would be if you invested your money in the stock market. It will, however, be a better option than if you would leave your money in a savings account. It’s recommended for those who want to invest short-term and who wants an easy way to access their money if needed.

Opening a 401(k) account (or something similar): If your company offers their employees a 401(k) then take advantage of it. You allow a set amount of your income to go towards retirement and most of the time; your employer will match your contributions. If you leave that company make sure to take what you have saved in your 401(k) and transfer it to an IRA account. If your company does not offer a 401(k) program, or you’re self-employed, there are other similar investment options available for you.

Hopefully the ways to invest money mentioned has given you some ideas on where you want to put your money. Remember to always do your research and talk to a professional on what option(s) will be right for you.