How do I invest my money in less risky ways, if you are a teenager and start investing today, you will take a big jump to where your money should be when you are an adult, even with modest gains even though there are headlines today about the stock market crash and the uncertainty about The economy due to the Coronavirus Pandemic, this does not mean that you should not invest as it is in fact it is normal for a market downturn at times and by investing while you are still a teenager, you will create an incredibly broad investment portfolio much sooner than you think. Here’s our guide on how to invest in a teenager, so in this article we’ll talk about how to invest my money in less risky ways
How do I invest my money in less risky ways?
The reason why anyone would want to invest money is to earn more money.
The good news is that you don’t need money to make money.
The skills that you possess actually do not need a lot of investment from you, regardless of the computer system and the internet connection.
Here are some things you can do.
Invest your time, not the money.
Sign up for an independent platform like Fiverr. Upwork, Topal, etc. You will definitely find work there.
With € 100, you can start a fast shipping business.
Run an online business with a Facebook page and offer free delivery.
Find out which products are in high demand, find suppliers on Ali Express, and see which products can give you the best margin.
Order $ 50 worth of stuff, create a page, and use the rest of the money to boost posts.
I have a friend who started a phone cover page with exactly $ 100 and is making $ 1,200 every month now.
Set up a website and advertise your services.
Advertise your site on social media platforms.
Contact companies and offer your service for a small fee.
The goal is to get projects within your portfolio.
Develop a platform that you believe will fulfill an urgent need.
It could be an apartment menu website, a restaurant menu website, or anything you require.
How do you plan to invest
1. yourself! Use your savings (time and money) to learn.
We learn all our lives, but the sooner we do it, the better the returns we get – with “compound interest”.
Learn and use a new skill, and help others learn it as well.
2. The National Pension Scheme is 22 years old.
3. VPF Provident Fund is one of the best and safest long-term investments.
It will pay you multiple times when you retire. VPF provides better returns as well as flexibility over PPF.
4. Life insurance It’s not about “returns” here, it’s about financial security for your family in case something goes wrong.
5. Systematic Investment Plans Start with investment programs in some good equity funds along with some debt funds to balance your portfolio.
Invest a fixed amount every month instead of a lump sum.
6. Stocks only Keep your focus more on SIPs in mutual funds compared to stocks.
Invest small amounts in stocks, if you like, to learn the field.
It is very challenging and volatile and takes a lot of patience, practice and a fair amount of LAR (Reasoning, Analysis and Logic) to timing the markets and forecast some changes.
When you realize that you are reaching a higher level of efficiency, keep increasing your investment in a few really good and promising stocks.
However, keep your patience.
Note: Always keep at least six months’ salary in a fixed deposit and never touch it unless you have no other option
The best project management tool
Best project management tool, it’s really hard to decide which is the best project management tool
As each has its pros and cons
But the most important thing actually is finding one that fits your workflow and works the way your team does
Here’s a brief roundup of the 50 best project management apps
In its own categories, with a quick description of what makes each app great so in this article we’re talking about the best project management tool