Those of us who want to have a better future do not waste money when we have some extra income. Or we put it into a savings account or invest it. Surely you are also mine! After all, you are here looking for tips to better invest your money. Pay attention!
Invest, but with awareness
Before saying “I’m going to invest my money,” you have to be aware of one thing: Every investment comes with risks . So not in all cases you will have earnings for the money you invest.
In the same way, it is possible that if you have profits they take time to arrive. If, for example, you invest in your own business and you put a punch – like a good Peruvian – and you have a good business plan, you will most likely have a return on investment in the times you have estimated.
Term savings, a low risk option
There are certain types of bank accounts that allow you to make your savings profitable. For example, fixed-term accounts usually offer you a good return depending on the amount of money you have saved. There are some financiers that can give you up to 7% of your savings.
For example, if you have 10,000 soles and want to put them in an account like this for a year, after this time, your money will have grown and you would have 700 extra soles earned for your deposit. Of course, the condition for this to work is that you do not withdraw your money in the agreed time, or you will lose the accumulated earnings.
Mutual funds Should I invest in them?
Mutual funds are for people who are willing to take certain risks with the capital they want to invest. And, just as they can make you earn a good amount of money, you could also lose.
Anyway, if you are going to bet on this type of investment, I recommend that you investigate the subject well to avoid having surprises along the way.
Buying a property is an investment
A sure way to invest your money is to buy a property. And it is that the properties are goods that tend to increase their value over the years. Some years ago, for example the land south of Lima, of 200 square meters, could be found from $ 5,000, today these people sell the same land at $ 60,000, that is 12 times the initial value. It’s all about choosing a location with potential. Even so, property returns are usually around 5% per year.
As you can see, there are many ways you can invest your money. The secret for an investment to work is that you know well about it. If you prefer the alternative with less risk, a fixed-term savings account will be the best option, if you compare the offers of the different banks for these types of deposits.