1. Global InterGold Gold
If you didn’t take advantage of investing in gold years ago, now is your big chance. The price of gold has been steadily increasing and 2016 has been a fantastic year for gold investors because the price of gold has been higher than it’s been in recent years. Even though gold prices do rise and fall over time, gold holds its value really well, which is in contrast to paper currencies around the world. And when people are uncertain about the stock market or about the value of paper money, they turn to gold. If you’re ready to make this smart investment, check out the online marketplace Global InterGold, where you can buy and sell gold easily.
2. Retirement Plans
Smart investors are also making it a point to put more money into their retirement plans in 2016. Making larger regular contributions to a 401(k) or a similar retirement plan could result in great returns later on. Plus, you do not need to increase your contributions by a lot because increasing them by just 1% of your income could make a big difference over time. And if you continue to increase your contribution every year, you will watch your retirement funds grow ever higher and be able to prepare for an even more stable financial future.
3. Blue Chip Stocks
Investing in the stock market is another way to make your money grow in 2016, but you need to be strategic and know what you are doing. Blue chip stocks can be affordable for the average investor, and they are from reliable and reputable companies that have been successful in the past, so purchasing shares of stock in the right companies could help you see your money grow rather quickly. A few good options include Disney, J.P. Morgan Chase, and GE, though there are many other companies that you can invest in if you want to support their efforts and get a great return on your money.
ETFs are Exchange Traded Funds. These are a great option for those who are willing to take on higher risk but who do not wish to pay high fees. Even if you just have a few hundred dollars to invest, you can quickly see it grow. These are actively traded, unlike traditional mutual funds, and they also have a passive management structure and a lower turnover.
5. Index Funds
If you have around $1,000, you can invest in index funds, which are a type of mutual fund. These will track a particular market index, such as the Dow Jones or S&P 500, and you can enjoy fees that are kept to a minimum, as with ETFs.
These are just five of the many smart ways that you can watch your money grow with the right investments in 2016.