Where to park your money in 2019
We all know the fact that “Investing wisely is the best way to make the money grow”. But figuring out where to invest the amount can be a real challenge. To increase profits, one must learn to “How to invest the hard-earned money?”
Before start investing, have a checklist of your financial health. Investing doesn’t make sense if the person is in debt and don’t have an emergency fund. It is sensible to save money for emergencies and pay all the debts.
When a person invests money, either he is buying a share of the company or a commodity with the credence that the value of shares and commodity will grow over time.
The type of investment will be completely based on the end goals and willingness to take risks in exchange.
There are numerous options to park your money in 2019, some of them are listed in this article -
Invest in Stocks:
The stock market is a popular and most profitable place to park your money in 2019. Holding a stock specifies that an investor owns a small portion of the company he/she bought into. When the company grows, it divides the profits in dividends based on their stocks or shares. One can also sell those shares later for profits. Investing in stocks, here are some tips to follow -
Do a long term investment -Investing in stocks comes with substantial risk if the investment is done for a short term.
Choose a brokerage firm wisely — Every brokerage has different strengths and weaknesses.
Invest in numerous stocks — Spending all amount in one company stocks is extremely risky. So, it is advised to invest money in stocks of different companies.
As an investor, buy when the prices are low and sell when the prices are high.
Become A Sub-Broker:
Online trading another option to generate more profits. All you need is a computer or tablet, exchange platform, technical skills, and a small amount to invest. PCEX is the best option to start trading with minimum capital investment (1300 HKD). To become a sub-broker, user can register on PCEX exchange platform and start trading. This exchange offers a five-layer security model and charges a nominal amount of 0.05% as a transaction fee.
Cryptocurrency Trading
Anyone can become a crypto trader at home, but it is extremely important to take the cryptocurrency trading seriously if a trader wants to earn profits. A crypto trader is a person who buys or sells currencies on a cryptocurrency exchange platform. All cryptocurrency trader must follow these points-
- Find A Crypto Trading Platform
- Understand Crypto Trading
- Complete Demo Trading First
- Educate Yourself About Crypto
- Build A Cryptocurrency Trading Strategy
- Start With Small Investment
- Trade Cryptocurrency Pairs That Suits You
PCEX.IO exchange platform gives a chance for traders to invest and trade.
Conclusion
Investing can be the best method to grow your wealth with time. There are so many investors with multiple investment options — from safe lower-return assets to riskier high-return. All an investor has to do is start somewhere. Once you complete your first investment, it will get easier for you with time.
