Investing can be scary. Finding an investment with low risk high reward can be difficult. Luckily, there are many ways to ensure wealth or a good return on your investment. If you know how to think outside the box, then you already have one foot in the door. You can utilize safe investments with high return by starting a home based business, purchasing micro-cap stocks, investing in a start-up business, converting space into a rental etc.
Starting a home based business
When you choose to go into business for yourself you allow yourself to secure your future. When starting a home based business make sure you are as resourceful as possible. Proper utilization of social media sites like Facebook, Twitter, and other social media sites can be vital for growth. When growing your business make sure you are constantly doing research. Hiring competent people is also vital to your success. Research is the key ingredient to replicating success. Remember nothing stays the same and business who can adapt are the ones who survive.
Purchasing micro-cap stocks
Purchasing micro-cap stocks yields high return for your investment when they rise in price. This is because when you buy penny stocks you enable your ability to get more than the standard 8 percent return on your investment. Investing in stocks can be scary and risky, but this is safer with proper precautions such as understanding the type of company where you invested your money. Micro-cap stocks sometimes have low prices that allow for high volume share purchases. You can get started purchasing stocks at places like discount brokers such as Share Builder.
Investing in a start-up business
Investing in start up business can be risky, but with the right planning you can ensure a good return on your investment. When approaching a business make sure they have a business plan prior to engaging in any contact. A good business plan will ensure you have a concise understanding of the business and business goals.
Converting space into a rental
If you own a home with an unfinished basement you should look into converting your space. Prior to seeking a contractor you should consult with a designer to get an idea of what can be done with space. Once you have a designer proceed to convert the space. Renting out your basement will allow you to pay your mortgage quicker or you can use the excess for another investment.
There are many safe investments despite a dismal economy. When needed it is important to seek a professional. Good luck!