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Everyone wants to ensure that they have enough money to live on in the future. They want to be able to provide for their children (and potential grandchildren) at some point, and in order to do so, you need to make sure that you have savings. You can put all of your money into a savings account and gain interest that way, but you will receive fairly low returns when compared to other investment opportunities. Here are three places other than your savings account to invest your money.

Stocks and Shares

Investing in stocks and shares might sound like a scary proposition, but it can be much simpler than you might think. There are a few options available to you for investing in each. You can find a stocks and shares savings account and put money into there, and the interest you gain will be due to stocks and shares. This is probably the easiest and most reliable option, but it often gives the lowest return. You can hire a stockbroker or investment company to manage your money and bring you the best possible returns. This option will give great returns but is more expensive. This means that it is mainly suited to people with a lot of money to invest, so it might not be right for you. You could sign up with a company like eToro and invest directly on the stock market yourself. You don’t always need to fully manage your account if you don’t understand how it all works. Instead, you can invest in a copy fund or simply copy a successful user. Stocks and shares have the potential to make you lose money, though, so there is risk involves. However, the returns can be worth the risk.


Cryptocurrency made headlines around the world in 2017, and a lot of experts expect it to make further headlines in 2018. A single Bitcoin is worth exponentially more than when it was first introduced. A lot of people expect this growth to continue, so this might be a good time to invest in this new type of currency. There are a lot of options when it comes to getting involved in cryptocurrency. Currently, the most popular cryptocurrency is Bitcoin. You can mine Bitcoin directly, but you need a power computer to do this so it won’t be a good solution for most people. You can purchase Bitcoins from various sites and invest this way. You can also use a self directed Bitcoin IRA to put your pension fund into Bitcoin. This means that if Bitcoins price increases, then so will the value of your fund. This can then be changed back to your chosen currency or spent on sites that accept Bitcoin. There are other cryptocurrencies that you can make similar investments to broaden your portfolio of investments.


Property is an excellent choice for investing. You should start by owning your current home so that your money is going towards something through your mortgage or so that you don’t have that outgoing expense each month. This will then mean that you can always sell the house and make that money (and hopefully more) in a lump sum. You can do a similar thing with other properties. You can buy them, improve them and then sell for a profit. This might take some practice and learning to know what sells and what doesn’t, but it can make a great hobby and investment opportunity. Another great choice is to buy property to rent it out to other people. This will give you a passive monthly income, and if you own a few rental houses, it can really start to add up. Having rental houses is excellent when you retire as well since it means that you will have income even when you are no longer working. This means that it can make retirement even more comfortable and you always have the option of selling at any time if you need money for something. The property market can be fickle and selling a house might not always make you as much as you thought. However, in this way, it is like any investment and not without risk. However, if the selling market isn’t looking good, then the renting marketing is probably looking better. This is because these two marketings work together and have an ebb and flow. When one goes down, often the other will go up. This can mean that even if you are struggling to sell, then you can rent for a few years and wait for the house value to increase. This also makes investing in areas that are likely to be worth more in like 10 to 15 years, can be a great investment choice.


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