Of course, there is no miracle investment, but some sound advice exists and allows you to be attentive to the good veins and to avoid unpleasant surprises.
Of course, it is always good to have a few veins but the advisers are not the payers. So, when you invest, know why you are doing it, analyze the situation and see if the desired goal is viable. Beware of the mass advertising effect, which is sometimes a trap, or rumors from acquaintances. It is sometimes this kind of speculation that is misleading!
Do not limit yourself to a certain economic sector, try to diversify the directions: the stock market (the automotive world, electronics, cosmetics, food, etc.), real estate, insurance which offer short, medium and long term.
Of course, you need to know how much you are willing to invest. Investing also means taking risks. So you have to determine your limits. It is better to first invest small sums to better understand the mechanisms and improve during the next operation.
You need to estimate how long you are willing to wait before pocketing your winnings. Are you ready to wait a few months or even years or do you absolutely need to earn quickly? There too, it will be necessary to analyze the situation, the news and the market to avoid being disappointed.
How much time are you willing to devote to this activity? Depending on your work, your family situation, your availability, you must assess the time that an investment will take you. Getting in touch with specialists, personal research, you need to know, depending on the type of placement, how much time you will be willing to give. Very often, it is necessary to keep abreast of the situation of a course every day in order not to be surprised.
It is sometimes difficult to sell a losing stock because the hope of a recovery exists and then it is also difficult to recognize that we were wrong. It is true that there are situations where waiting is rewarded after a catastrophic period. But, in general, if the stock goes down, it is often better to get rid of it.
It is better to keep a small portfolio of winning stocks rather than a large stock in which you no longer find yourself, which will be increasingly difficult to manage and by which you will be quickly overwhelmed. It is better to focus on a few safe actions whose progress you can easily monitor without stress.
It is said, brick is the future. Money is less and less profitable. Our bank savings often remind us of this. The Germans love this little expression “Klein aber mein”, small but mine. Why not invest in a studio in town and rent it out? The rent repaying a possible loan and, after a few years, once the property has been repaid, it will offer you a small, non-negligible annuity. The idea would also be to look outside the big cities: real estate is more affordable there and residents with lower incomes do not always have access to property. Renting accommodation in rural areas is also a necessity and therefore an opportunity to invest your money usefully…
Even though the value of gold has fallen a little in recent years, it is still a safe bet and a good long-term investment. Indeed, as soon as an economic recovery is felt, the gold market, too, follows the upward trend.
And why not the traditional woolen stockings of our grandmothers well hidden in the back of a wardrobe or under the mattress? Buying foreign currencies in the hope of reselling them by making a gain is sometimes a slow but profitable projection.
In general, it is necessary to remain calm even in a crisis situation. Very often the situation returns to normal. Many investors make mistakes under stress. Sometimes, waiting a little to make a decision allows you not to lose your marbles too much in the game.
Good luck to you!