3 Things You Must Do When Your Savings Reach $50,000
Three Investing Strategies The Wealthy Use That You Should Consider Right Now
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Well done! You’ve worked hard and pinched pennies to finally get to the point where your savings account is looking solid. Now it’s time for the emphasis to shift from saving to making your money work more actively.
These three moves just might be what you need to keep your money growing. Best of all? It only takes a few minutes to check them out and see which ones are best for you.
Protect Your Portfolio With Precious Metals
Pandemic, supply chain, bear market. As we've seen in recent years, market-changing events are not in short supply.
Is your money safe from any of these?
If you haven't hedged your bets against the stock market and world economy, it may not be.
Precious metals often outperform other investments in a volatile market, and their value tends to rise with inflation, making them an effective hedge during uncertain economic times.
If you're interested in investing in precious metals, Goldco is a great place to begin. Opening a gold or silver IRA is easy and funds can be rolled over from existing retirement accounts. Or, if you prefer, you can buy gold and silver directly from Goldco's extensive collection.
Worried you may need to sell your precious metals in the future? Goldco offers a buy back program and will purchase your assets back from you at the highest price.
Build Your Real Estate Empire
Sitting back and watching your passive income from real estate investments roll in sounds amazing.
But what if you can't buy an entire property? And what about all the responsibilities of being a landlord? CrowdStreet has the solutions.
CrowdStreet's online platform offers accredited investors access to these growth-focused private commercial real estate projects so they can become co-landlords of sorts, with access to a real estate market they might not otherwise have.
Sign-up is free and there are a variety of deals to choose from, including multifamily, self-storage and data centers. The projects have an average internal rate of return of 18.5%, so it's a great way to generate passive income and build long-term wealth.
Find the Right Expert for Your Unique Situation
You clearly know how to save and plan, or you wouldn't be reading this.
But there comes a time when it makes sense to get an expert opinion to make sure you're not leaving money on the table.
Working with an experienced professional who can advise you on what to do to better diversify your portfolio is always a good idea. But who has time to sift through thousands of advisor profiles?
WiserAdvisor does all that work for you, matching you to the best financial advisor for your specific situation so you get an expert in the areas you need.
There's no cost to use their service and no obligation to hire the advisor, so there's not much to lose. Plus, WiserAdvisor screens advisors to make sure you're only getting matched with the best experts.