Making Your Money Grow

There are only so many hours in a day that you can work in order to make money. Do you wish there was a way for your money to grow while you went about your day? Investing gives you the opportunity to do just that. Not sure where to start? Take a look at below at the four most common investment types.

Stocks: To claim a part of a company’s assets and earnings.

• Best if kept for at least 5-10 years.  Good stock generally trends upward, but value can go up and down daily, so avoid panic selling.  Don’t be fooled—there are no “fast tips” to getting rich quickly!

Commodities: Raw material/primary agricultural product that can be bought and sold.

• Perhaps the most risky type of investment, as it is bought and sold based purely on speculation. Most often, the investor agrees to buy or sell a specific quantity of a commodity at a specific price in the future.

Bonds: To loan money to a company/government with a predetermined rate.

• The bond holder is sent a check at regularly scheduled intervals as an interest payment. Bonds are known for having more financial certainty and providing the investor with a continuous cash flow.

Mutual funds: Your money will be invested into a variety of stocks, bonds, and/or commodities.

• A professional does all the work for you! Their job is to devote significant amounts of time to your investments to make sure they are growing. This option can be more expensive, since the professional will need to be paid.