No one would say no to making some extra cash by learning about the most sound investments. And there definitely wouldn’t be any problems with discovering new ways to save your hard-earned dollars. So here we discuss both matters.
Investing Sensibly an Unstable Stock Market
First, if you’re looking for top investments that are very likely to go bad, there are probably five that are pretty stable according to the Bank of America: they say that diamonds are a girl’s best friend but it turns out that it could be more than that. Indeed, as gems go, grade A diamonds are probably pretty popular with everyone who wants to make more than an extra dime or two and are likely to continue appreciating according to Farnoosh Torabi Yahoo Finance. As well when it comes to natural pearls, Kevin Zavian, Doyle NY, says that you pretty much can’t go wrong. If you are into antiques, you might want to focus on those hailing from mainland China according to Kathy Doyle of Doyle New York Auctioneers. As China’s economy escalates, auctioneers from all over the world are looking at their gems, especially porcelain, ivory, jade and bronze.
Next, there are early presidential documents. Now that everything is on email these documents according to Peter Siegel of Gotta Have it Collectibles, are making a mint. For music lovers it is the classic rock memorabilia from artists such as The Beatles and Frank Sinatra that are selling for thousands of dollars. And finally if you want a stable investment and love sports, check out vintage sports collectibles such as Mohammed Ali and Sims.
Saving to Make Money
But if you don’t feel you have the cash to invest right now, you can still make money indirectly. There are many great and easy ways to end up with extra coins in your pocket. Everyone needs health care but you can stretch your dollar with health savings accounts, enjoying a triple tax benefit. In other words, whatever money you put in to a tax-deductible account will be tax deferred and can be utilized for your medical expenses without incurring any tax. For this you do need a deductible of at least $1,200 for self-only coverage from your health insurance policy but it’s certainly worth investigating. Experts have said that you can make up to $854 per year in savings.
No matter what the global economy is or isn’t doing, one is always free to make choices. And by making the right ones, you will be stunned at how much money you can make or save; just do your homework well.