Money Matters –
Guess What?
They’re ALL Probably Doing It!
By Kaval Patel
I’ll get on to what they’re all doing in a
moment. Money Matters! Of course it matters! Most of us wish we had
more and it grew faster with minimal effort. A lot of us already
have money stashed away in the “normal” investment vehicles (you
know the ones your Grandparents told you about when you were young).
The world has changed now, with the economic climate as it is – it’s
not worth sticking your cash away in the bank and wait for it to
grow by a minuscule percentage over a year (probably less if you
take into account inflation).
So what else could you invest
your money into? Let’s examine some of the available ones below:
1. Cash in Savings with a Bank - A very safe
investment with minimal effort - will earn some interest as long as
inflation is in check!
2. Bonds – again pretty safe
with minimal returns and little effort
3. Stocks &
Shares – These can be invested in two ways:
Buy &
Hold – While it is true that had you held on to practically any
share investment in the 1980s & 1990s you would have achieved
phenomenal returns. But guess what happened in the first part of
this decade? - Stock markets crumbled – they lost more than half
their value (as measured by the major Indices). It’s the old cliché
– if you were one of the early investors you would still be “up”
(although unhappy that 50% of your retirement fund had been wiped
out!).
Trading – If used correctly this can provide
consistent returns – buy when its going up and then sell them when
it starts going down – so you make your money work harder for you –
more effort is required!
4. Property – Amazing
returns have been achieved with the low interest rate environments
of the early part of the decade; have led to property prices more
than doubling in some countries! Very minimal effort is required –
but you need the capital to start – and unless you have a portfolio
of properties that earns you rental income - the only way you make
money is if you sell the house!
5. Foreign Exchange
(ForEx) / Currencies - Making money from currencies was unheard
of for individuals until recently – the advent of broadband
internet, electronic trading online etc. Firms are now providing
individuals the opportunity to profit from movements in currency
prices! They’re all doing it – all the major banks make their money
from the forex the largest and most liquid market in the world! It
is also a 24 hour Worldwide Market and best of all you can back it
to go up or down. There are various methods to profit from the
forex:
Scalping – jumping in and out of the market taking
lots of small profits along the way. It’s not expensive to do
(unlike shares) because most firms charge NO commission.
Day/Swing Trading – where you take advantage of market
swings in price (like a pendulum). This is can be done on a day to
day basis.
Investing – buying and selling based on trends
that could last months!
Trading currencies may not be right
for you. If it is - how you choose to trade currencies is up to you,
but it is an absolute necessity for you to get some education on the
subject, and some live practice on some of the demo accounts
available on the market – then with as little as $300 (£ or Euros)
you could start trading for real. If you live in the UK you can
trade the Forex tax-free (tax laws can change).
In summary
Forex is “the way forward” for individuals from all walks of life
that want to succeed in making themselves filthy rich (it will take
time – no guarantee is given – but with a good system and discipline
you could make more money than if it sat in your bank or your share
account) – even better you could participate around your other
commitments.
Oh, one more thing – Someone you know is
probably already making money from the forex.
If you would
like to vastly improve your foreign exchange education please visit
us for Excellent Forex Trading Secrets.
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