For many years I was a religious saver; my dad taught me from a young age that I should be saving a good 30% of my income when I could, and I followed that plan throughout my working life. My savings helped me when I bought my first car and my first home and when the children came along. Once I hit 50, though, my savings were mounting up, and I decided that it was time to start looking into a start in investment and building my portfolio, in part to grow my wealth and give me something exciting to do with my time. Today, I wanted to show you how I have invested my cash over the last few years, seeing some steady profit.
This was one of the first places I decided to put my money; I had a friend who used an excellent company called the best au online casino sites, which works closely with investors and the oil industry. I learned a great deal about how oil prices work and, after some careful consideration, decided to put my money where my mouth was. I opted for the oil futures market, which is where you buy a contract that guarantees the price of oil at a date in the future; depending on which way the oil price moves during this time, you can trade this contract or wait for it to expire depending on which way the price of oil moves.
This was the most significant investment I have made to date; after making a nice little profit on my oil futures, I had the opportunity to pick up a commercial building in good condition. After making the initial outlay, I was able to rent out all of the units on the structure, and I now see a healthy return come in each month by way of rent. I am a long way off making my money back, but the building has held its value, and the monthly stream of money means that I have liquid cash to invest in other areas. I cannot recommend investing in real estate enough, should you have the available funds, of course, and it can be a great way of securing a solid investment that can offer an excellent yield.
Stocks and Shares
My most recent investment has been in some stocks; I was wary at first as I did not know the industry well enough; despite this, I decided to do some research and give it a whirl on a tiny scale. So far, I have just invested in blue-chip stocks as I look to grow my industry knowledge. I am just looking at gaining small profits right now to get a bit more experience, and I already have my eye on a few companies which I think can make me a decent little return; I’m just waiting for the right moment.