When I first started my working life I can remark my mother and father telling me that I should always be looking to save between 25 and 30% of my monthly salary. I followed their advice and thanks to my shrewd savings, I was able to comfortably purchase my first house and pay off the mortgage quickly, I put my two children through college without any problems, and ever since then, I have been slowly building my savings up.
A couple of years ago I decided that I wanted to start investing some of my savings to see if I could grow my wealth further and here are some of the methods where I found success.
I decided to start off on quite a large scale, real estate, I enlisted the support of real estate brokers like the casino australia and invested in a small factory unit. The value of the unit has since risen by almost 11% and I receive a regular flow of money each month from those who let the units from me. If you want to invest in real estate, commercial or residential then I would really recommend it, your money is far safer here than in any other form of investment and you can see huge upsides if you get in, and more importantly out, at the right time. You will also be able to receive a monthly income by way of rental whilst you are waiting for the property to grow in value.
Binary Options Trading
This may sound quite a high level and complex but the truth is that as long as you have a firm grasp of the financial markets then you can make great money from binary options trading. This method of trading is a simple yes or no proposition where you simply buy an option as to whether the price of a particular stock, currency or asset, will be higher or lower than a particular value at a set time. For example, let’s say you think gold will be worth more than its current $1,000 price at 3 pm this afternoon, you buy an option for $50 to say it will be, if it is you will gain $100 (this is always the cost for binary options) you profit $50 form this trade, if gold is below the price then you lose your $50 investment. If you know your financial markets then this is a great way to boost your savings.
Oil futures are contracts that say that the price of oil will be a certain price upon the expiry of the contract. These contracts are often for one or two years and as the price changes, you can freely buy and sell these contracts. If the price of oil is below the price on the contract when it expires then you have lost your investment but if it is above the price then you can guarantee stocks for the price on your futures contract. To date, this has been my most lucrative investment.