You go to work every morning
You go to work every morning, day after day, year after year. And your whole life is more like Groundhog Day. Every day is like the previous one. All of your income earned from work, you safely spend on life. The result is a vicious circle. What’s next? – you think. You need to change something in this life. One of the ways to break the current situation is investing.
After all, what is investing?
Of course, you won’t be able to find a large amount right away. Most investors start with very modest amounts of money that they can save from their paychecks. The main thing here is constancy and time. Together with these parameters, any, even insignificant, capital can grow into a fairly decent amount, allowing its owner to receive a very good income, which will exceed your current income. Please note that this will be completely passive income generated practically without your participation.
Novice investors face many questions, the main one of which is where to invest. Especially when it comes to a very small amount of money. It is the limitation on the amount of invested funds that makes adjustments to possible investments. But nevertheless, even with little money, there are many ways to earn and increase your hard-earned money.
Bank deposits or deposits, the easiest and most reliable type of investment. By opening a deposit in the bank, you will know in advance. what income you will receive at the end of the term. And most importantly, GUARANTEED INCOME. Deposits are practically the only financial instrument, the profitability of which is known in advance. Other investments do not carry such a guarantee. In them, you can both earn and lose. Also, do not forget that the safety of deposits is guaranteed by the state (in the amount of 1.4 million rubles). If the amount exceeds this threshold, then it is better to open several deposits in different banks.
Bank deposits are mainly used as a means of initial capital accumulation. When a certain level of funds on the account is reached, other investment opportunities become available to the investor. Why? The answer is quite simple – very low profitability. Typically, deposit rates are within the inflation rate. Therefore, it is unlikely that it will be possible to get rich on investments in deposits.
In the context of the difficult economic situation in the country, foreign currency deposits again began to gain popularity. The ruble is rapidly losing its position in comparison with other financial payment systems. And in order to somehow preserve their savings, deposits in foreign currency are used. And although the yield on such deposits is quite modest, in the region of 2-5% per annum, real earnings may exceed the current yield by several times. Due to the weakening of the ruble and, accordingly, the strengthening of the currency.
It is currency deposits that have been the most profitable over the past 5 years, among the main types of investments. Those who opened such deposits a few years ago have already earned more than 230% of the profit. For comparison, simple ruble deposits for the same period showed a yield of 83%.