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To help you grow your savings and increase your income, you should talk to a financial advisor about investment opportunities. This doesn't just mean playing the stock market; there are many ways to invest, some of which are steady and reliable and some of which produce quick returns. The right combination of investments depends on many factors, including your financial situation and risk management needs, but here are a few possibilities to discuss with a professional.

3 Non-Stock Investment Ideas

1. Peer-to-Peer Lending

This is when a private individual gives a loan to another private individual, often through a service, rather than the borrower seeking a loan from a bank. It can generate returns from interest that are comparable to the stock market depending on the year, although there is the risk the borrower will default on the loan. You can also make microloans to people in developing countries, where even a few dollars can go a long way and your risk is small.

2. Real Estate

Financial AdvisorsWhether it's undeveloped land, apartments, or commercial buildings, real estate is a physical product with inherent worth, which makes it a good place to put your money. Depending on how much attention you want to pay, you might simply buy property to resell later, possibly after spending money on developing it. You can also buy property that generates income through rent if you're willing to manage it or hire someone to manage it for you.

3. Annuities

If you're looking for an investment with minimal risk that will generate steady income year after year, this is the option for you. With an annuity, you essentially buy the promise of steady payments on a regular schedule.

There are many different kinds of annuities from many sources, including insurance companies, some of which are more profitable or safer than others, so do your due diligence and discuss possibilities with a financial advisor.

 

To talk to a professional about these options and more, call Seeman Holtz. Based in Boca Raton, FL, they operate nationwide, offering both financial guidance and insurance you can rely on. Their financial advisors pay individual attention to each client and are proactive about getting you the best deals and investments available. Call (800) 991-3592 or visit their website to get started.

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