6 Possible Ways To Invest Your Money in 2021

There are many ways you can invest your money, if you have some money with you on which you are thinking of how and where to invest it. Here are some of the ideas on possible ways of investing your money:

• Purchase shares

You can buy some shares with some money. To buy shares you seek advice from those who have professional knowledge about shares or from a person who has invested in successful shares. Then you can invest your money on those shares. You can look for those shares with low prices. Gather information on their performance before investing. With the help of the internet, the information about the financial performance of a particular share can get with ease. Also, the internet makes investing in shares to be ease online or through a telephone.

• Buy bonds

This involves lending your money to the government or company to finance a project or to finance another debt and be receiving certain interest on a regular period. Bond is a fixed-income investment. However, the bondholders entitle to the payment of regular interest from the company or government as well as the principal amount on the maturity date.

• Invest in funds

You can invest your money in funds that allow you to buy bonds, shares, and other investments at the same time. The investment in funds includes index funds, mutual funds, and exchange-traded funds. However, investing in funds allows diversifying investment. Because it pool investors’ money to buy different types of investments based on the fund’s goal.

• Invest in the second-hand car business

You can invest your money in buying cars business by buying a car that needs clean up and give it the required polish before selling it at a profit. As we all know that cars are always priced down on their appearance. Buy a car at a lower price, do a little clean-up on them and sell it at a higher price. You will surprise how much profit you will be making each time you do it.

• Invest in online trading business

You can also invest your money in the trading business by buying some items like games, watches, belts, CDs, phone accessories, and others and sell them online through the online market like eBay, Amazon, and others. Buying these items in bulk will largely reduce the cost and increase the potential profit. By selling your products on online auction sites like eBay, Amazon, and others, you will incur fewer expenses and these sites are very easy to use.

• Invest in real estate

More so, investing in real estate does not necessarily mean you are acquiring real property or become a landlord. You can invest your money in the real estate business. You can do this through real estate companies that pool investor money. They invest your money on real property on your behalf like a mutual fund and give returns on regular basis.

However, there are other ways to invest your money. but the above-mentioned investments will give you ideas of where and how to invest your money.

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Afeez Dauda

Afeez is one of the founding partners of Marasas Consulting limited. He consults for both individuals and entities in the area of accounting, management, audit, tax, and investment. He has a wide range of experience both online and offline which allows him to provide relevant and timely professional advice and assistance to business owners with their accounting, tax, management, audit, and investment plans.
Afeez is a member of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of the Nigerian Institute of Management (Chartered). He is a certified Google analyst and strategist. He earned his Bachelor degree in Management and Accounting from Obafemi Awolowo University, Ile-Ife, Nigeria, and earned an ordinary national diploma in Accountancy from The Polytechnic of Ibadan, Oyo State, Nigeria. He earned certification in “Excel Crash Course” and “Reading of Financial Statement” from Corporate Finance Institute, Canada.
Afeez is dedicated to helping clients achieve business success by helping them to establish solid and sound accounting, tax, and financial processes.