Even though the first half of the year 2019 is about to end, it is not yet too late for you to determine what best money habits to pursue this year. Maybe you have already figured out a smart way which is investing and you tried it last year. However, 2018 is not a very good year for our money because it is the year when stock market falls, there are changes in banking royal commission, Trump hysteria, and crashes of property market.
One of the fastest way to earn money from a small portion of your savings is investing in stocks such as WOT Trading because it is an interesting way to introduce and approach this thematic. If it is your first time to to invest, you might be wondering how much should you be investing. I recommend you to invest 10%–20% of your income gradually, even if it’s not that big. The simple explanation to this is you should not invest you cannot afford to lose. There are risks and some situations are out of our control.
If you are starting to feel like 2019 is the year that you must start investing money then you are right. But where should you invest your money this year? This is a question that is sometimes hard to answer. While we cannot say that investments are guaranteed, we have listed two of the best investment options starting this year:
Stock Market- if you have been keeping yourself posted with the stock market, you will now that there are twists and turns lately and there might be a lot of correction on the way. S&P 500 will have lost all its profit in 2018 by the end of the year. However, if your goal to for long term investment, then you don’t have to worry to much.If you are not comfortable of buying individual stocks, you may consider putting your money in globally diversified, low-cost index funds
Peer-to-peer lending- this is another place to invest your funds. There are platforms that let you borrow money to individuals where you will get the interest when they pay off the loan. While the return may vary depending on how risky your choices, the interest may go up to 6% or more. If you are afraid that someone may run away when you let them loan money from you, platform like Lending Club allows you to diversify your investments to over hundreds of loans in increments as small as $25.