If you’re fortunate enough to have some money to invest and are looking for ways to maximise your income, have a little fun or even a bit of both then take a look at our blog.
It might be tempting to blow it all on the holiday of a lifetime, finally make those much needed repairs to your home or maybe you should consider investing.
We take a look at some options that are going to help you make a good financial decision.
Investing in your home is generally always a good option, whether you plan on selling or staying, having a property in a great state of repair will give you plenty of options for the future and guard against any current problems getting worse further down the track.
Get your building work sound, your electrics serviced and consider what else you might invest your money in. An extension or loft conversion is almost always a great idea and will generally add on about as much value as you spend on the work, so you should see that covered in the event of a sale.
There are plenty of options to invest your money. If you enjoy the idea of taking on a little risk, you may want to consider taking out a stocks and shares ISA which, while giving part of your savings some security allows for a little risk through calculated investment into stocks and shares.
You might join a hedge fund and pool your money with other investors to allow hedge fund managers to make the decisions for you. While risky, with a well-established and reputable company you stand a good chance of seeing some return on your investment and the longer you stay in, the greater that return should be.
Then you have property and investing in something like Montage Property will allow you to take your first steps as a property tycoon. Whether you choose to stay hands-off and simply play the part of an investor or buy a property to rent out, bricks and mortar can certainly give you a great return.
When the unexpected happens and you find yourself with a surprising but nevertheless very welcome chunk of money to invest you want to make sure that it works for you and gives back as much as it can.
Whether you choose to return to all those house projects that you never thought you’d be able to complete or if you decide to try your hand at investing, make sure you’re truly comfortable with the option you take. There’s never any harm in talking to a financial investor that you trust and getting advice that is unique to you and to your situation.
You might want to play the odds and take a risk with some stocks and shares. You might want to use it to set up your own new business and become a landlord, there’s no rush. Take your time, invest carefully and see your future grow.