4 Things You Must Do When Your Savings Reach $50,000
Four Investing Strategies The Wealthy Use That You Should Consider Right Now
Well done! You’ve worked hard and pinched pennies to finally get to the point where your savings account is looking solid. Now it’s time for the emphasis to shift from saving to making your money work more actively.
These moves just might be what you need to keep your money growing. Best of all? It only takes a few minutes to check them out and see which ones are best for you.
Diversify Your Portfolio With Precious Metals
If the past few years have shown us anything, it's that you can never tell what's coming. Disruptions to the market can come out of nowhere. Between the pandemic, supply-chain issues and bear markets, a lot of people's retirement savings felt the impact.
That's why it can be a smart idea to look for ways to protect your retirement savings from the unpredictable. For a lot of people, investing in precious metals is a way to diversify and protect their investments. One way to do this is with a precious metals IRA through a company like Advantage Gold.
Precious metals often outperform other investments in a volatile market, and their value tends to rise with inflation, making them an effective hedge during uncertain economic times. For example, if you had invested $100,000 in gold in 2000, you'd have more than $600,000 today.
Opening a gold or silver IRA is easy, and you can roll over funds from existing retirement accounts, or transfer cash into your IRA to purchase precious metals.
And if your plans ever change, Advantage Gold offers buyback services if you decide to liquidate your investment. Plus, Advantage Gold has a 4.9 star Trustpilot rating, and their experts will guide you through all available investment options that align with your risk tolerance and goals.
Want to diversify and safeguard your investments by adding gold and silver to your portfolio? It's easy to get started here and get your free guide to learn more.
Invest in Whiskey - And Earn 21% Annualized Returns
The super wealthy have always known there's money to be made in fine whiskeys and wines. There's a reason they build state-of-the-art wine cellars and attend whiskey auctions. Not only is it extremely lucrative, it's also not impacted by ups and downs of the stock market.
A company called Vinovest lets you invest in fine wine and whiskey just like the ultra rich do -- and you could see 21% annualized returns. And you don't need to be wealthy or an expert. Vinovest's experts will walk you through everything.
They'll recommend wine and whiskey investment options that best fit your goals and are set up for maximized returns. Once you invest, you fully own your wine or whiskey. Vinovest will take care of storing and insuring it in the meantime.
Then just relax and watch your portfolio in real time. Vinovest's experts will help you determine when a wine or whiskey will peak in value and when to sell, if you choose to. Another reason wine and whiskey are popular investments for the wealthy is because they're so liquid -- holding periods are as low as two years.
People who invest in whiskey with Vinovest see 21% annualized returns, and the company's most recent whiskey cask exit resulted in 30.74% returns for Vinovest clients.
Ready to start investing like the ultra wealthy? More than 150,000 investors already use Vinovest, with more than $100 million in assets under management.
It's easy to get started here and start earning 21% annualized returns.
Find the Right Expert for Your Unique Situation
You wouldn't be reading this if you didn't know how to save.
But there comes a time when it makes sense to get an expert opinion to make sure you're not leaving money on the table.
Working with an experienced professional who can advise you on what to do to better diversify your portfolio is always a good idea. But who has time to sift through thousands of advisor profiles?
Unbiased does all that work for you. It matches you to the best financial advisor for your specific situation so you get an expert in the areas you need.
There's not much to lose with no cost to use their service and no obligation to hire the advisor. Unbiased screens advisors to make sure you're only getting matched with the best experts.
Get matched with the best expert for free.
Collect Rent without Being a Landlord
Rental real estate is popular as an additional, passive income for the long haul. Unlike investing in stocks, real estate is somewhat shielded from the constant ups and downs of the market and has offered a return of up to 6% over time, which makes it a smart way to diversify your portfolio.
Arrived is your gateway to the world of real estate investing that's historically required lots of upfront capital. With a minimum investment of just $100, Arrived makes real estate investing truly accessible to everyone.
It's simple to get started: Create an account, decide how much you want to invest and watch for property appreciation and quarterly rental income payments.
Investing in real estate is a great option for anyone looking to build long-term wealth that can stand up to risk and market volatility.
Click here to become a real estate investor for as little as $100.
Bottom Line:
It’s just as important to make your money work for you as it is to save. Some key strategies include hedging your savings against inflation with an investment like gold or silver and building passive income through real estate investments. The right financial advisor can give you the best advice for your unique situation.
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