If you have free money and you want to save it and increase it, you need to invest it profitably. Then they will not only not lose their purchasing power due to natural inflation, but they will also bring you a profit.
Instructions
Step 1
Invest in a bank. Depending on the amount of your deposit and the bank, the services of which you decide to use, the placement of funds can bring you up to 12% per annum. Before contacting a specific bank, study all the available information about it. The amount of the promised income is inversely proportional to the reliability and stability of the bank. Choose the middle option. Make sure that the bank has a decent reputation and offers acceptable interest rates. When choosing the type of deposit, be guided not only by the interest rate, but also by the possibility of replenishing the account and capitalizing interest. In this case, the monthly income will be added to the amount on your account and will also start making a profit.
Step 2
Join a mutual fund. This is a more risky option compared to banks. But you can get more income. Choose a reliable company that you trust to manage your money. Further, your funds, like the funds of other participants, will be invested in the purchase of various shares. The principle by which a block of shares is formed can be different. For example, by the degree of risk, and, accordingly, by profitability, or by the industry to which the companies whose shares are being acquired belong. The choice of the type of mutual fund is yours.
Step 3
Lend money at interest. This is a more risky option, therefore the percentage is large. Your target audience is businessmen who cannot get a loan to develop their business or do not have time to arrange it. Take such a risk only at an annual rate of about 20-24%. Make the deal notarized. Immediately stipulate that you will receive interest on a monthly basis. In order not to have problems with debt repayment later, work according to this scheme only with people you know or on a recommendation. In addition, there is a risk that the business will go out of business, the borrower will go bankrupt, and he will have nothing to repay you with.
