When you’re getting started and looking for the best investments, one of the keys to success is to take your time, do your homework and choose a range of different investments. This doesn’t only maximize your chances of reward, but also minimizes the risks while you learn the ins and outs of the ones you’ve chosen. There is simply no benefit in making large short-term gains, if, due to inexperience or unrealistic expectations, you lose it all, and more.
Below we’ve selected some of the safest ways to generate the income you want, including some possibilities that you may not have considered.
1. Certificates of Deposit
Certificates of Deposit are a safe savings option which can provide a higher rate of return than higher interest rates than typical savings accounts. To get the most benefit from this type of investment, and avoid penalties, you’ll have to be certain that you won’t need to access the funds until the end of the agreed term, which can be as little as 3 months. They are perfect if, for example, you are planning to buy a property in a few years, and want to plan ahead. Your money is safe somewhere where you can’t access it, and it’s growing steadily.
2. Individual Dividend Stocks
Buying stocks in well-established so-called’ blue-chip’ companies is a less risky way to get involved in the stock market, than investing in start-ups or disrupters. Subject to external market forces, these are some of the best investments for income generation. They perform well over time and tend to pay regular dividends to their shareholders.
3. Pick Mutual Funds
Although traditionally you would need a sizeable amount of cash to invest in a mutual fund, these days there are many which require a deposit of $100 or even less to get started. The advantage of these funds is that instead of placing all your cash into one stock, you are taking a share in a portfolio which can be spread over hundreds of different stocks, which reduces the risk. They’re considered a great choice for anyone just getting started, and are recommended for long-term investments.
4. Music /Wine/Art
So far we’ve highlighted some fairly traditional ways to get started as a new investor. Now let’s look at something a bit different. If it’s linked to your interests, and an area you know something about, it can also be a little more fun, while bringing in a valuable return.
For example, if you love music, think about investing some of your available funds in music royalties. Using one of a number of platforms, such as ANoteMusic, bid for works from a catalogue, then watch your choice as it generates cash or gets traded. While it’s not a good idea to sink everything you have into this type of alternative investment (and you could also go for wine, or art, if they’re more your area of interest), the advantage is that they are hardly affected by major changes on the financial markets.
If you’re just getting started, the possibilities for investments are almost endless. The keys are to be sure that you understand the basics of any vehicle you choose; to diversity your portfolio; and to look for long-term returns on your investment.
Updated October 15, 2020
At WallStreetSurvivor, we subscribe to dozens stock recommendation and advisory newsletters. There is ONE newsletter that is constantly outperforming all of the others–The Motley Fool Stock Advisor.
TWO of Motley Fool’s 2020 Stock Picks Have Already Quadrupled, ONE has tripled, and another TWO Have Already Doubled in just 9 months of of 2020!
We have been tracking ALL of the Motley Fool stock picks since January 2016. That’s 5 years and 120 stock picks. As of Friday, October 23, 2020 the Motley Fool’s January 2 stock pick (TSLA) is up 388%, their March 19th pick (ZM) is up 313% in just 7 months, and another two have more than doubled. In addition, 9 of their 2019, 9 of their 2018, 10 of their 2017, 9 of their 2016 and 14 of their 2016 picks have also doubled. Most impressively, over the last 5 years that we have been tracking every recommendation, their average stock pick is up 169%. That beats the SP500 by an average of 124%. And that’s even accounting for all of this COVID mess that has wreaked havoc on most stocks. BUT, the Fool has done so well because they have quickly identified stocks this year that will perform well in the post-COVID world. THAT is how the Fool consistently does so well–they adapt and constantly pick stocks before everyone else realizes the opportunities.
- PINS — October 1, 2020 pick is already up 19%
- FVRR– September 3, 2020 pick is already up 36%
- CrowdStrike (CRWD) — June 4, 2020 pick is already up 41%
- Shopify (SHOP) – April 2, 2020 pick and it is already up 196%
- Zoom Video (ZM) – March 19, 2020 pick and it is already up 313%
- DexCom (DXCM) picked Feb 20, 2020 right before the market crashed and it is still up 35%
- Tesla (TSLA) picked January 2, 2020 before the crash and it is up 388%
- HubSpot (HUBS) picked December 5, 2019 and it is up 105%
- Netflix (NFLX) picked November 21, 2019 and it is up 56%
- Trade Desk (TTD) picked November 11, 2019 and up 221%
- Zoom Video originally picked Oct 3 and it is up 565%
- SolarEdge (SEDG) picked September 19, 2019 and it is up 216%
Now no one can guarantee that their next picks will be as strong, but our 5 years of experience has been super-profitable. The important thing about the Fool stock picks is you have to buy them the day they are recommended because they usually pop 5-10% in the first 72 hours after the release their recommendation. So to maximize your returns, you MUST buy them the day they are released. During this POST-COVID market we are in, they have been excellent at picking stocks that will excel. The average return of their 2020 stock picks is +68% which beats the market’s return of only 12%. You sure don’t want to risk missing out on their next pick.
Normally the Fool service is priced at $199 per year but they are currently offering a NEW SUBSCRIBER DISCOUNT that allows you to get theiir next 24 stock picks for just $99/year. HERE is the LINK to visit their New Subscriber Discount page.
GET UP TO $1,000 IN FREE STOCK
WHEN YOU OPEN A ROBINHOOD BROKERAGE ACCOUNT
Robinhood was the first brokerage site to NOT charge commissions when they opened in 2013. They just past 10,000,000 accounts and to celebrate they are offering up to $1,000 in free stock when you open a new account.
Here’s the details: You must click on a special promo link to open your new Robinhood account. Then when you fund your account with at least $10, you will receive one stock valued between $5 and $500. Then, you will get a link to share with your friends. Every time one of your friends opens an account, you will receive another free stock valued between $5 and $500. Click here to learn more about this Special Robinhood offer.
Claim your free stock NOW (before it’s too late)