Topic: The best way to manage free money - page 10. (Read 2034 times)

this free money, out of money savings and daily necessities, I will automatically invest for the long term, but not the whole, total budget $ 50,000, 1/3 I have a deposit in the bank, this is for backup if at any time I need money , for example me or sick family, accident or other sudden things. 1/3 other part I invested in crypto, and crypto assets I have input into lending market. the last, I still do not use, still consider buying property. thanks for your advice, this is a good suggestion, I will learn first.

keep it safe at the bank, use it properly when needed  or either invest it in a right time you will regret if you take spend all your money in the market  better to coop up with the business or invest but for me the age i will earn it even i am 19 year old boy i know the limits of having a money

I agree, and it seems that in most countries, property is an investment that has great value, I will do this gradually.

you have answered yourself, and mining also I have removed from the wish list. feeling it's too late to be a miner now, it would be different if I started it a few years ago, but at that time I also did not have free money to invest.

Low return but your money is safe in the bank.
This is risky but profitable. Make sure that you will lend those people that are trustworthy.
GPU mining is profitable but don't invest in cloud mining.
These investments will never get old, they are one of the best.
How about oil?

Here are my suggestions:
1. Bank deposits - a bit slow in terms of garnering interest, but I will still suggest this.
2. Lending Cryptos - as long as you're sure you can trust whoever you'll lend it to, you can give this a go. Moreover, please be wary that since you're dealing with crypto's, practically anyone can run away with it since there's no regulation or legal body protecting it (IMHO).
3. Mining - if you can shell out the dough, you can probably go for this. Just think about the major increase in your utility bill.
4. Property - One of the best ideas, just make sure you're checking out prime lots or probably areas where the potential to sell is high.
5. Other Ideas - probably start your own business.

I intentionally left out Gold Assets as I'm not that familiar with how it works. Hope these help you out.

1. bank deposits

2. Lending cryptocurrency

3. Mining

4. Gold assets
5. Property

6. other ideas

You cam also research properly on these besides my advice. Now,
1.Bank deposit: Your money will be protected from theft and fires. Plus, your money will be federally insured so if your bank closes, you will get your money back. However, you can only get little % of interest for whole month

2.Lendimg Cryptocurrency: First of all, be assured that you can’t lose your money as coins lent out can’t be withdrawn from the platform. They are used as margins for traders, and different platforms have their ways of protecting money loaned from being lost to the market. Agian,
Returns on investment are high as you can get up to 10% or more

3.Mining : This form of investment is highly capital intensive

4.Gold assets.: Gold has shown positive results even during the economic downturn and market volatility. It serves as the best hedge against inflation. Gold has seen strong asset appreciation in long-term and emerged as must have in one’s investment portfolio.

5 Property : As the property market is more stable than the other markets, investment property generates fixed returns to the investors.

6.Others includes, investment on ICOs - A token has a price immediately upon its sale, and that price floats freely in a global 24/7 market.
Finally,  i have mostly considered the advantages of this list, you have to carry out additional research to get the best options.

All of your option above is a good investment. Research all six option of your investment and look for immediate return and big profit. That is how business man thinks before investing.

For me, I prefer to invest  gold and property.  Gold prices increases every year and property's worth also increases every year.

The best way to manage your free money is to invest it in cryptocurrency to double your money and get a bigger profit.

It is a bit better if you will keep it on a savings account and that will give you assurance that you will not lose your money and after you saved or putted it into a safe place then study first the basics about financial literacy so you will have a basis on what you gonna do with your free money. Even it is free money, you still need to be conservative to that to avoid regrets.

I think the best way when it comes to Crypto is to hold it, because you never know what it will become.

The best answer depends on what your investment goals are.  Do you plan on needing the money soon or is this a long term investment?  If you already have money in savings, there's no point in putting more in since the return is basically zero.  

If you do not wish to invest in crypto the other options are out since they are all plays on the crypto market.  

Property is good but you need to distinguish between single family, multi-family, etc.  Multi-family investments (i.e. Apartments) are great because they allow you to make income as well as have your tenants pay off mortgage.  The investment amounts needed are larger than other investments and typically require you to get a loan for the remainder.  

You can also see about becoming a 'private lender' in this space as well.  This will allow you to partner with a local investor needing funds which will allow you to leverage their experience and connections.  

Typically, the return is 8-10% but you can specify what return you are willing to accept.  As with all investments, you need to research the property and investor to see if you feel comfortable with making the investment.  

If you want to have a better future and that you are interested in having a better living not only for your own self but also for your family, then you really need to take very good care of all the free money which you somehow save. You need to use that money in a proper way and that you need to invest that money at the right place so that you can then get a hope of making something more out of that money.

I agree with this. this opinion may not be some people think. sometimes we should be able to see opportunities around. but we must be able to sort and manage how much we have to spend. essentially do not let our money, while still we are empowered to use.