Profitable Ways, Invest Money
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Have Excess of Money and need Profitable Ways to invest your money? Don’t Worry! We at WikiEarn, won’t ask you to give it to us. But rather help you invest money which in turn helps you get greater returns!

Here are a few Profitable Ways to Invest Money

1. Bank Investments

To be sure, you won’t be able to earn much money on your investments at the bank, at least not in the current investment environment. However, the advantage that banks offer is that you can invest very little money (in money market accounts or certificates of deposit), earn a little bit of interest on your money, and have virtually zero risks of principal loss.

Let me be honest, these are not the most exciting investments, but the best purpose for bank investments is to use them as a place to accumulate a larger amount of capital for higher risk/higher reward type investments later on. Some of the investments in this list will require $500 or $1,000 to get started. While that is not a ton of money, if you are getting started with a smaller investment, your best bet might be to take your time to build up a little cash and expand your investment options.

2. Lending Club

Lending Club is an online peer-to-peer (P2P) lending platform in which borrowers come to get loans, while investors – a.k.a., lenders – provide the cash for those loans. In exchange, investors are rewarded handsomely for their investment. Rates of return in double digits are hardly unknown with Lending Club.

You can invest as little as $25 in a single loan (or note), which means that with the $1,000 minimum initial investment, you can spread your portfolio among 40 different notes. The limitation with Lending Club is that many states have minimum net worth requirements in order for you to invest on the platform.

3. Motif (Recommended Profitable Ways to Invest Money)

A motif is a different kind of investment platform, one in which you either build or invest in existing mini-mutual funds that are based on certain investment criteria. These mini mutual funds are called motifs, which is where the platform gets its name from.

For example, you can invest in a motif that is built on solar energy in Hawaii or trash recycling in Panama. There are literally hundreds of motifs available and to learn more about those, study a Motif Review, and if you can’t find what you like, you can always create your own.

4. Prosper

Prosper works much the same as Lending Club. You can invest as little as $25, so you can spread a few hundred dollars across many different loans. There is also a state-by-state minimum net worth requirement here as well.

Prosper reports that the average annual return on a note approaches 16%, which is an incredible return on a fixed rate investment. In the case of both Prosper and Lending Club, there is a risk of loss to your principal in the event that one or more loans you’re holding goes into default. There is no FDIC insurance protecting your investment the way it would with bank investments.

5. Investing in Your Own Skills

Are there any skills that you could acquire that could bring you up to the next level in your career? Think in terms of learning a new computer application, a foreign language, or taking a public speaking- or sales-course.

It’s possible that you could acquire certain career-enhancing skills that would enable you to either get a promotion on your current job or even transfer to a new, higher paying position with another employer. A few hundred dollars is often all it takes to take a course to learn that kind of skill.

6. Individual Stocks

To begin with, you can invest in stocks with as little as $10. Loyal3 even allows for the purchase of fractional shares. The platform offers you an opportunity to purchase stock in one of the 66 companies they currently have available on the site. But those companies represent virtual household names in stocks – Microsoft, Apple, Walmart, Time Warner, and many more. And you can both buy and sell those stocks with no commissions or other transaction fees.

The disadvantage is that it is not a diversified investment platform. You can only invest in the stocks that they have available on the site. There are no mutual funds or ETF’s, nor any bond offerings. However, the low minimum initial investment and the absence of fees makes Loyal a perfect platform for a small investor to purchase stocks in major companies.

7. Your Own Business (One of the best Profitable Ways to Invest Money)

I’ve discussed investing in other businesses so far, but if you’re looking to invest small amounts of money, investing in your own business could prove to be the best choice of all. After all, who better to invest in than yourself?

For example, for a few hundred dollars you can buy a decent lawnmower, and start cutting lawns to generate income. With that few hundred dollar investments, you could have more than five thousand dollars to invest in no time. You could also start a website, dedicated to selling a certain product line. Or you can start a blog and use it to create affiliate sales arrangements. If it’s something you might enjoy doing, you could go to garage sales, estate sales, flea markets and thrift stores, and by unusual goods and sell them at a profit on eBay or Craigslist.

Liked this tips for Profitable Ways to Invest Money? Mention your thoughts in the comments section below

Also Read: Hobbies You Can Use to Make Extra Cash

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