Where to Invest Money for Great Returns

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So you’ve made the decision to start investing your money. Congratulations! That’s a great step in the right direction, wherever you are in your career or life path.

Those who are just starting out in the workforce, those who are midway through their careers, and those who are starting to think about retirement – all can benefit from investing money on a regular basis.

But that raises the question of where to invest money, as we all want the best returns we can get.

The answer isn’t the same for everyone. In some cases, the answer is “it depends.” And, returns are not always the same. Sometimes the return on investment is having a comfortable family home, or being free of debt. Sometimes it’s a high percentage gain on a smart decision.

So let’s look at some different scenarios as we examine where to invest money for great returns.


While some may not consider eliminating debt as being part of this list, it most definitely is an investment. After all, if you’re spending money paying off debt and the interest charges that come with it, you don’t have as much money left to put aside for investments.

That being said, not all debt is bad. But if you’re carrying credit card debt, for instance, you should build a plan to get rid of it, and control credit card spending in the future. Without those monthly bills and the sometimes exorbitant interest fees, you’ll have more disposable income for real investing.


The best example of taking the plunge into “good” debt is purchasing property. If you need a place to live, an investment in a family home may be a very good investment. It’s also an investment that has the potential to grow, if property values are on the rise.

And, if you already have a mortgage, perhaps you should consider refinancing it to free up extra money for other investments.


Another good investment is to set aside money every month until you’ve built a cash reserve, or emergency fund. A rainy day fund will give you peace of mind that you can cover monthly bills in an emergency. That could be a major expense like a broken furnace, or an unplanned event such as job loss or illness.


Once you’ve eliminated bad debt, built a rainy day fund, and, if applicable, purchased a family home, it’s time to look at investment possibilities.

These decisions will be impacted by where you are in your life and career, so it’s a good idea to find a reputable financial adviser to help you find the best investments for you and your family. It’s not the best idea to get your investment tips at the water cooler at work, for instance.

When it comes to deciding where to invest money, there are many possibilities. Investments generally fall into two categories: defensive, or low-risk investments, and growth, or higher-risk investments.

Those who are early in their career can usually take more risk, as they likely won’t need their investment money for some time. That’s assuming the goal is saving for retirement, a good incentive for investing at any time in your life.

For those closer to retirement, less risk is usually better. One example is term deposits, but low interest rates can mean lower returns. Depending where you are in your career, there are options beyond term deposits. For instance, retirees can look to term annuities, fixed income/bond funds, or infrastructure/real assets as options besides term deposits.

Other possibilities include purchasing shares in a company, or buying investment property, and earning money on rent.

There are many factors that play into deciding on the best investments for your situation. Knowing where to invest money isn’t always an easy decision.

When you’re ready to discuss investment tips and determine where best to invest your money, contact the advisers at Financial Framework and book a time to meet.

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