As beneficial as investing can be, there’s no doubt it poses something of a challenge to people who find themselves consistently pushed for time. If you decide to invest as a complete newcomer to this world, the learning process can be steep, but even when you’re adept at the topic itself, the time requirements don’t go away. The consistent work required to monitor your investments and keep abreast of the latest financial news is less than ideal for modern, busy individuals.
If you know that investing is the right path for you but you fear you’ll struggle to find the time to commit to it, then it might be worth investigating these less time-intensive investment options…
Outsourced investing
If you don’t have the time to scan markets, learn the ins and outs of trading, and self-manage your portfolio, outsourcing is perhaps the simplest solution for you. Hiring a financial advisor to manage your investments is a decent option, and one that’s well worth considering.
The major downside of this option is the fees you will incur; you will have to pay your financial advisor for their work, which means your potential gains will take a hit. However, if your choice is outsourcing your investments or not investing at all, you’re probably best choosing the former option.
Swing trading
Swing trading is a form of trading that is generally more relaxed than standard trading, and can be ideal if you don’t have the ability to watch the markets like a hawk. Unlike conventional investing, swing trading involves large periods of “sitting” on your investment, often for days or weeks at a time. This allows for a more casual approach to investing that is nevertheless capable of delivering the return you want. If you’re intrigued to find out more, you can read this swing trade strategy blog post and give it a try yourself.
Precious metals
Precious metals are a fantastic investment that are particularly beneficial due to the enduring nature of the metals you’re investing in. There will always be a need for precious metals, and their market is not as subject to the peaks and troughs of more conventional stock investment options. You are therefore able to sit on your investment for longer, making it perfect if you fear you’d struggle to find the time to actively manage your investments.
In fact, precious metals are a particularly wise investment choice at this point in time; the gold price, in particular, has experienced a strong performance in 2018.
Peer-to-peer lending
Finally, peer-to-peer lending can deliver excellent returns on your investment, and most of the work is done by specialist companies. The company will screen the candidates, arrange the loan, and can even chase repayments for you, making this a useful choice if you’re looking for hands-free investment opportunities. There are a number of peer-to-peer lending sites online that you may want to investigate further; just remember to read the terms and conditions in detail prior to signing up.
In conclusion
By selecting one of the options above, you can make the most of your money without placing undue stress on your schedule.
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