With the Federal Reserve planning on raising interest rates three or four times this year, and with the stock market on an expensive territory as the year begins, people must be careful about where they invest. Here are some tips on where investors should funnel their hard-earned money in 2018.
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| Image source: inbusiness.ae |
One is to try to max out your 401(k) plan in 2018. If you’re nervous about the market, no problem – you can invest your account balance in a money market or stable value fund. You’ll still benefit from the tax break and any employer matching.
Peer-to-peer lending platforms are the next good option. With these companies, you’re able to loan money to individuals in small increments as if you were the bank. You get to earn a pretty decent rate of return of usually upward of 6 percent or more. As an investor in peer-to-peer lending, you’re investing in other people and their goals.
Thirdly, go for real estate. While commercial real estate is seen as bullish this year, you don’t have to outright put your investment in a physical property as there are ways to have hands-off investment in the industry. One option is investing in real estate notes. Another is Fundrise, which buys commercial properties and allow investors to invest small sums of money.
Finally, don’t let your career suffer; commit to it. While investing your savings in stocks or Bitcoin is well and good, devote your time and energy to your career as well. With the skills, experience, and connections you gain from your job, you can build the foundations for your own business and better control your financial destiny.
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| Image source: finance-monthly.com |
Randy Benderson is the President of Benderson Development, a commercial real estate company with over 500 properties in 38 states. The company is one of the largest and most diverse real estate developers in the U.S. For related reads, visit this blog.
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