Author Box
Articles Categories
All Categories
Articles Resources

Some (Better) Ways to Invest Your Money

April 04, 2012 | Comments: 0 | Views: 123

Investing your money is something that everyone should do and that is highly important if you want to make the most of your existing assets. By investing your money you will first and foremost find that you are able to grow your initial pot into a larger sum, and this is of course going to be very beneficial. At the same time though, you will also find that by investing your money you are keeping it away from yourself and this means that you won't fritter it away on day to day expenses. It means ultimately that on a rainy day, or when you come to retire, you will have some money set aside in order to cope.

If you don't have investments then it won't take much to throw you off course. For instance if you suddenly have a large expense because you have a car crash or your house burns down then you might end up in debt. Likewise it will limit what you can do should you want to. There will be no impromptu holidays for instance that you could otherwise have taken out of your savings or big computers, and it will make your retirement a lot less enjoyable which is a shame when you've worked your whole life in order to earn one.

So how can you provide yourself in later life and ensure you are financially secure? Here are some options - all of which are smarter moves than just investing in your average savings account.

Self Managed Super Fund

Using a self managed super fund such as a self managed superannuation means that you and 1-3 other people team together in order to make a fund that you invest in various other things. As trustees of the self managed superannuation it is up to you where you invest the money, and you will get a lot more of the profit from the investments than you would have done from investing in a bank or building society. At the same time, by using a self managed super fund you will get healthy tax rebates - unless it's a success and you should choose to grow your self managed superannuation into a hedge fund - well you never know!

Swiss Annuity

A Swiss annuity comes from the term annual, and this means that you get regular annual pay outs after investing. To invest in a Swiss annuity you simply pay one big lump sum up front, and then as a result you will receive your annual payments. The good news is that as it isn't your money until you get the repayments and because it's off shore, it's safe from a range of taxes as well as little problems like bankruptcy and divorce. That, and being in Switzerland there is very little chance of the financial crisis affecting your savings.

IRA Accounts

An IRA accounts are a kind of pension scheme that is also a form of asset protection. They are great for avoiding tax and work by using money that is 'after tax'. You can also get self directed IRAs, much like self directed super funds.

These are a few smarter ways to invest your money and protect it. For more on how to use a self managed superannuation such as a self managed super fund, follow the links.

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

Self Managed Superannuation




Self Managed Super

Forex dealing is dealing in currency trading and basically includes dealing in foreign exchange while the stock market dealing is the dealing of stock in a standard market market. The two types of

By: Anil Mali l Investing > Stocks l October 25, 2012 lViews: 243

Investments in silver metal can be done by several ways. The article talks about the best ways of silver investments. Silver, the precious metal has always attracted investors for several reasons.

By: Kyles Humphrey l Investing > Gold Silver l August 17, 2012 lViews: 305

The article offers reasonable reasons for high oil prices. Crude is indispensable and it is a great source of energy. The prices on oil keep on altering, sometimes it is too high and sometimes it

By: Kyles Humphrey l Investing > Stocks l August 17, 2012 lViews: 286

Many investors are unaware of new tax that will be levied as part of the Supreme Court’s decision to uphold President Obama’s health care reform. The investment tax, as it is being referenced,

By: Ben Esget l Investing > Retirement Planning l July 17, 2012 lViews: 405

A few months ago, I was at Starbucks talking to someone about stocks and bonds, he and his wife had worked hard and were worried about the stock market. They wanted something much less risky. He

By: Lance Winslow l Investing > Stocks l July 11, 2012 lViews: 434

The first step in the risk management process is to acknowledge the reality of risk. Denial is a common tactic that substitutes deliberate ignorance for thoughtful planning.

By: Lawrence Tepper l Investing > Retirement Planning l July 10, 2012 lViews: 240

According to financial experts, mutual funds shouldn't be selected merely on the basis of past performance and fundamental analysis of indices. First of all, you need to understand that investments

By: Shabbir Bhimanil Investing > Mutual Fundsl June 16, 2012 lViews: 189

Mutual funds are a type of certified managed combined investment schemes that gathers money from many investors to buy securities. There is no such accurate definition of mutual funds, however the

By: Vaibhav Bhadangel Investing > Mutual Fundsl June 06, 2012 lViews: 223

Mutual fund investments can give investors high returns when they succeed in choosing the best mutual funds. The best mutual funds are those that facilitate diversified and multiple stocks purchase,

By: Wayne A Gormanl Investing > Mutual Fundsl May 30, 2012 lViews: 213

Past performance isn't a proper indication of future overall performance. A poor-performing fund which had massive deficits in one year shouldn't be considered to do similarly in the subsequent year,

By: Alisia Matthewsl Investing > Mutual Fundsl May 25, 2012 lViews: 192

In case you are wondering if there are risks in investing, the answer is yes. Although investing in a cash ISA involves little risk, there are higher risks involved with regards to stocks and shares

By: Gert Hael Investing > Mutual Fundsl May 22, 2012 lViews: 203

There are many advertisements offering to sell you techniques labelled how to make money the easy way but the experts know that these get rich quick schemes are a sham; just a way to separate any

By: Jack Ritchiesl Investing > Mutual Fundsl May 21, 2012 lViews: 346

Superannuation is a form of self managed super fund and is a very smart way to invest money and to provide for older age. The idea behind a superannuation is to invest a pot of money in order to gain

By: Ethan Cooperl Investing > Mutual Fundsl April 05, 2012 lViews: 141

Discuss this Article

comments powered by Disqus