It is not advisable to just keep your savings in the banks where it earns hardly anything. If you want it to earn substantial income from it, it is best to invest it in business, stocks or property. Your choice of investment should be based on certain criteria such as how much it will earn and what it requires from you. If have a full time job investing in business is risky since you will not be able to actively participate in management. The rule of thumb there is no better manager of a business than its owner. You can, of course, hire a manager, but you have to know as much about the business as the hired manager or you won’t be able to help and unable to monitor what is going on. That is a good recipe for failure.
If you are looking for passive income, investing stocks or properties is your best option. You just need a competent stockbroker to manage your rental investment properties. Investing in properties even offers more earning possibilities. You can buy land cheaply in an undeveloped area but with great potential of getting developed later on, hold it until that happens and sell it. It’s an investment strategy that can set you up for life or allow you to resign your day job and establish your own business.
Another investment that should be very profitable is investing in rental properties such as apartments or condos. You will earn regular income from the rental and once you have recovered your capital sell them and them at hefty profit. Rental properties are easy to manage, a caretaker or you yourself if you are not really that busy, can do that.
You can buy real estate properties for sale for foreigner investors. There are many houses for sale in America and some of them are cheap. A lot of homes were offered for sale in the US since Americans are highly mobile, putting up their homes for sale when they have to move elsewhere. There are also many condos for sale which you can let out to people looking for a place to live in. You do not need to travel to the US to buy a property and find renters, you can do these things online.
Looking for the best Way to invest your money? Why not invest in real estate property and buy rental houses homes abroad.