In one of the films, which is a classic of Russian cinema, the phrase “Give a million!”sounds. Well, let’s assume that, by a happy coincidence, a million lies in your pocket or in a bank account – and now what to do?
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The “spend — buy …” option is not an option! It would be much more correct to force this million to bring another million, after a while, that is, to invest it in the business. There are many options here-let’s look at some of them.
One of the easiest and most affordable ways to save and increase your capital is to make a bank deposit. The interest rates are quite high here, and with a capital of a million or so, the absolute value, even of monthly deposit payments, will be a good amount. This option, with its advantages-accessibility, minimal risk, etc., has disadvantages.
First, it is necessary, as with any type of investment, to diversify risks, i.e. to open deposits in different banks. Secondly, the interest on deposits does not cover the level of inflation. That is, we can not talk about the “growth” of money – the deposit simply saves capital from inflation.
The next option is to buy real estate. Having bought cheap housing now, or having invested in the construction of new housing, after some time, we have, as capital, an apartment or a house that has risen in price. In addition, the premises, among other things, can be rented out, and receive a kind of passive income.
Such a scheme can be launched not only in the presence of a large apartment, luxury housing, etc., but even by buying a garage near a multi-storey building or market. The main thing is to approach the issue with a certain amount of imagination. The disadvantages here are obvious-this income can be called passive conditionally: it is necessary to “run around” and tinker with the solution of numerous issues.
The risks with this method of investment are greater than in the case of a banal deposit. Here, quite briefly, we can say about the long-term investment of our own funds in the purchase of gold – according to many experts, the price of this precious metal is now at the peak of growth and will continue to gradually decline.
Then there are far ambiguous options and solutions to the problem “where to invest a million?”. This includes opening your own business, getting a second (third) education, investing in someone else’s business, and much more. All of them have one thing in common – this method of generating income can not be called passive, and the risks are almost impossible to assess, without the presence of highly specialized knowledge.
In addition to the above, there is another, rather high-yield option for financial investments, although more risky than a bank deposit. This is the Forex currency market. Here you can realize your knowledge and ambitions by working as a trader, or simply get passive income from the available capital. The simplest option is to invest your own funds in the activities of professional traders.
With this method of financial investment, no special knowledge in the field of finance is required. It is sufficient to diversify risks by distributing capital between several brokerage firms and their services.
For example, invest some of the money in the “TOP 20 Index” from MCCIS, the other – in the “golden seven” from Mill Trade and the remaining money… Well, here’s where you see fit, in some PAMM 2.0 account with a guaranteed return of 50 % of the invested funds.
The conclusion is obvious – there would be a million, and where to invest it, there are plenty of options. The main thing is a calm and sober calculation. Here, more than ever, the sayings “measure seven times – cut once” and “they are afraid of wolves – do not go to the forest”are relevant.