Ever since I was a young man, I have always saved 30% of my monthly salary and put it to one side. This attitude has helped me to buy my home, it is has helped my to put my children through college and once I made that final payment on my mortgage, I was in a position of sitting on savings, with not much ideas as to what to do with them.
I had a chance meeting with an old friend of mine who helped me to decide that I would start investing some of that money to try and grow the wealth that I had. If you are looking to invest some of your cash, here are some of the ways in which I have done so.
The first investment opportunity that I had was in commercial property and a friend and I decided to buy and let out a group of factory units. Thanks to the great work of Woodgrange solicitors, I was able to buy the property with ease and within just a month we had filled the units. Whether you buy up office properties, hotels or factory units like I did, commercial property is a great place to put your cash. The beauty of this type of investment is that the market is stable, far more so that stocks, you can visibly see where your money is and you can not only profit from selling when the market is good, but you can also make monthly income from rent.
My career was in the oil industry so I knew a thing or two about the market, for this reason I started investing in oil futures and this is an area which you should consider. Oil futures are contracts which predict the price of oil at a certain date in the future, if the oil price goes above the price on your contract then you will be guaranteed the lower price. These contracts can be bought or sold for a profit before their expiry and if you know what you are doing then you can make some good money in this market.
For my next investment venture I am looking at becoming an angel investor and investing in start-ups. If you decide to do this, I would advise that you look for start-ups within your industry of expertise. The reason for this is simply that you are likely to know much more about what you are investing in. Once you have found a business idea which you can get behind, negotiate hard to get the highest percentage of the company that you possibly can for your investment. Try to also build share schemes into the contract so that if one day the business which you have invested in should hit the stock exchange, you can be in a prime position to make the most amount of money possible.