The are many different types of vehicles to invest in for your future or even for the present. When people think about investing, they typically think about retirement. Having money for the golden years is why investments are made. You get a job where you can start contributing to your company’s 401K plan & let the “experts” do the work for you for a fee. Wait till you’re 59 1/2 (to avoid penalties) & hope that they did good by you.
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I thought the same thing for quite some time & a few years ago I started to change that way of thinking. Even before I had capitol to invest on my own I was learning the stock market. When I started to invest my money, I wanted it to work for me in the near future since I was enrolled in my company’s 401K plan. What I looked into was an Investment property first. I learned about passive income as a way to subsidize my pay check & soon replace my job completely. I needed to have enough to put down on the down payment. Instead of depositing my weekly contribution in a savings or money market account, I opened a TD Waterhouse account & started to invest in ETF’s & Mutual Funds. I soon had a nice nest egg built up and moved more toward individual stocks that I knew from my research that their fundamentals were solid & that I could make a killing. my knowledge paid off & I was able to purchase a duplex apartment with 20% down. I now have an asset that pays for itself as well as an income.
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I still invest in the stock market & will continue so well into my retirement years. I enjoy what I do & will make money from it since I do my due diligence & leave my emotions at the door.
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