Wednesday, 24 June 2020

Hate Investing in the Stock Market? Here are 3 Alternative Investments to Try

The stock market is not for everyone. Sure, it’s a great way to multiply your money but it also comes with risks. You also need to study the market. This is why it isn’t uncommon for beginners to lose their capital when initially investing in the stock market.
If you are looking for alternatives to the stock market, here are the ones you can try:
  1. Invest in precious metals in Vancouver
Precious metals in Vancouver in the form of jewellery or bullions are tangible assets. Because they are tangible, they are easier to liquidate in case you need the extra cash. Although the returns are not as big as stocks, there are lesser risks as it is not as volatile and isn’t as dependent on the economy as the stock market. If you want to get started on investing in precious metals, you can check out J&M Fine Jewellery.
  1. Invest in real estate
You can try buying a commercial or a residential real estate, flip it, and then sell it for a higher price. You can also become a real estate owner and rent it. Rental properties offer a steady stream of income. It is a passive source of income that won’t require you to put in so much work.
  1. Invest in Variable Universal Life Insurance
This form of life insurance comes with an investment. It still comes with risks but your fund is managed by professionals, so you don’t have to grapple with the investment process.
Try these other alternatives if you want to grow your wealth.
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