Best Ways to Invest Money – If you have money for investing and want to double it or make millions from it, but haven’t decide yet what the best way to invest money, here are some ways to invest money regarded as the best for long term investments and money management:
Investing Money by Saving Money in the Bank
Saving money in the bank is a safe and dry method of investing money. Banks offer you a set interest for the amount of money you deposit per month. The interest rate can be anything from 2 percent to 2.5 percent. Bank accounts are known to be the safest and most flexible, if not the best way to invest money.
Investing Money in Bank Bonds
Banks offer bonds as another type of investments. Some Philippines private companies offer bonds through the banks. A bond also pays out around seven percent as interest for the period of four years. Bonds should be invested in only when there is no immediate need of the money for a set period of time.
Investing in Time Deposit
Banks also offer ‘Certificate of Deposits’. Under this scheme, the banks offer a set interest maybe six to seven percent compounded interest on your deposits for a set amount of time. The timespan varies from case to case, but the general span is six months to two years. ‘Certificate of Deposits’ is a time honored and time tested way of investing money. It is also one of the safest ways of investing money. Sometimes banks offer a higher percentage like eight to nine percent.
Investing Money in the Stock Market
Another way of investing money is the stock market. One can buy stocks in a company as an investment in the company. Stocks are shares in companies which can be bought by individuals or other companies. The stock market has always given robust returns of investments. For example, you can buy stocks in a Philippine Long Distance Telephone Company for P2,500 and the next day, the cost of the shares could be as high as P3,000 per share. With just P10,000+ you can invest buy stocks other traded companies like Manila Bulletin Publishing Corporation. Here’s a great list of Best Stocks to Invest in 2010.
Investing Money in Education
Education is the best investment one can make. While it may not be a typical investment, education is money you spend to earn a return later on by using the skills you learn at a job. Investing in education is an investment that can never be taken away. Your advance training and degrees, whether it is formal college degree, distance college degree or one from the best schools online, it will increase your lifetime earning far beyond what could have been earned without the degree.
If you know other Best Ways to Invest Money for Long Term Investments that are not listed here, try to inform us by commenting in this post.