subject: How To Fool-proof Your Investment Plans [print this page] Those of you who are lucky enough to have a little money to invest should think seriously about building your post-recession investment plan - and making it strong enough to survive any market shocks that might still be headed our way. There are three main principles of intelligent investing, which you should definitely be aware of when you are putting together a new investment plan; these are knowledge, diversity and safety.
Knowledge is about knowing what to invest in, and what is inherently valuable. It is essential - and if you don't have it, you need either to read some books or find someone else to make your decisions for you! Often this comes at a cost.
Diversity means spreading your investments over numerous industries or genres. For example, imagine an ice-cream salesman who also sells umbrellas; he will have something to sell, whatever the weather.
Safety is perhaps the most important of all, and is about knowing when you can afford to take a risk. To be an intelligent investor, you need to work each of these things to the full and always be on the lookout for a good deal. With this in mind, you may also want to consider incentives and loyalty packages that some banks and investment companies do offer for letting them look after your money - it can help stretch your capital further. Also, consider searching for Finance and Money voucher codes. You will probably find that you can find discounts for all kinds of financial areas of your life, which can then be channelled into other investments - such as by using travel insurance codes and car insurance codes. To help get you started, here are some ideas of good investment opportunities this year. Give the whole article a read through and see what you think!
Property
Renovations are so last decade... in 2010, consider buying to rent. It's far more secure.
Equity
Equity trading is about finding a good investment firm to do it for you. If you want to do it yourself, make sure you diversify.
FOREX
FOREX, dealing in foreign currencies, is tax free. If you're good at it you can make a fair bit of money, but don't go crazy! Buy a book and check it out.
Cash ISA
If you're still not using tax-free saving opportunities, it's time to start.
Wine
Consider alternative investments that are fun to shop for. Things like wine and art can go up in value over time if you buy the right pieces - and it's a cool thing to brag about.
Remember that any investment can raise or lower in value, and however cleverly you invest you may lose money. We recommend the advice of a qualified professional when you are planning how to manage your money, and this article is offered mostly for inspirational purposes. With any luck though, you'll be able to use travel insurance codes, car insurance codes, and other discount offers from a finance and money voucher codes site to help you stretch your cash a little further. Good luck!
