In today's post, I will be given you some tips on where you can invest your money in that will definitely bring you more profit.
Please do not mind the arrangement that I will be using to explain this great article to you.
Note that this is not a get rich quick information that I am putting here but things that you should know about that can help you to know where to invest.
fixed deposit account- you might be wondering that what does the bank have to do with these as there interest rate is low but not when you operating a fixed deposit account with the bank. Fixed deposit account is an account that you have with any bank for a particular period of time of which during this time you will not have access to the money until the date it is to be collected, using this account, you get get between 7-12% interest on the amount you have kept with the bank for example you open a fixed deposit account with a bank that offer 10% interest rate on a N1 000,000 account for 30 days, after 30 days you will receive a N100,000 increase in your account. Endeavor to go from bank to bank to know there interest rate so as to be able to pick the best one.
Stock and bonds- even though the economy of stock market is down, a lot of potential people are presently building there portfolio by buying the stock now because the stock market will always come back to its initial stage. It has happened before and it will continue to happen, so the stock market is a very good place to invest for a long term purpose. The bond also is another type of money market that is majorly control by the government through which they borrow money from the people and pay them back with interest. They minimum amount you can invest with the bond is 3 years of which you are paid twice your interest twice in a year and at the end of the period your initial principal is given back to you with the interest that follows it for that year
real estate- this type of investment is capital intensive and require a lot of planning like the location, the type of building you want to construct. In real estate business, location is key, if you can secure a very good location to build then the reward will pay faster than a bad location. Some of the structures that can be erected to bring in more money for you are hostels near a tertiary institution, shopping complex, hotels, guest house, a storey or two storey building and so on.
Agriculture- this is also a very lucrative business that you can invest in as the reward is very high if you actually know what you are doing. Even though the agriculture sector in this country is still low a lot of people are making money off it. Some of the way you can invest in agriculture is by investment in the cash crops or animal farming like poultry, fishery, snail farming and so on. You can also start an exportation business by export this agricultural product to different countries in the world.
Lastly, I want to end this article by saying there is nothing better than you having your business and controlling the way you work. Just think on this sentence and I hope that you will find it useful.
Till I come you your way again, stay blessed.
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