Top 10 Things You shouldn?t Invest your Money Into
Have you been thinking of investing your money into something that can give you a decent return?
If so, you should know that there are lots of things that you can capitalize on and make a steady stream of cash in the future, but you also have to be wary of things that can turn your investment into a nightmare.
When people set out to invest their money, they usually do not discuss it with seasoned investors, relatives who have been into investment, or friends. So, you have to be careful when making investment as there are several things that can trouble you and your money.
Instructions
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1
Beverages
If you think that investing in beverages and alcoholic stuff is going to give you a healthy return for your money, you are mistaken. For instance, energy drinks may be good to you when it comes to getting energy quickly, but if you are thinking of buying it for the purpose of making money in the future, you are doing something wrong. Energy drinks can never be a substitute to real diet, thus making your chances of better return slim.
Image courtesy: northshoregrocery.com
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2
Do not buy stocks without doing a solid market research
Do not invest into stocks without getting advice from an experienced investor or a broker. Stocks can be very rewarding, but they can be tricky too if you invest in them without doing any meaningful market research.
Several people lose their assets because they invest money into stock market without learning anything about the complex world of trading. Even if you have earned something in the past - thanks to sheer luck - you cannot call yourself a stock investor as the field is vast enough to be explored in a short time.
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3
Forex
If you don’t want to take chances, Forex trading is not for you. Currencies tend to fluctuate without a warning.
Image courtesy: ambayforex.net
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4
Gambling and betting
The world of gambling can lure you easily, but it is too risky to consider stepping into. Do not waste your money into betting and gambling, as its volatility can make you lose your money in a fraction of a second.
Gambling follows no rules and investment criteria, as the money you earn comes from mere luck and guesswork. So, don’t put your money at stake when you can put it to good use.
Image courtesy: gamblingstrat.com
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5
Pets
Pets cannot give you big returns, and investing in them will get your money tied up for a long time—maybe years. Pets are good for your personal use, but they cannot give you a steady stream of cash if you buy them for investment purposes.
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6
Gold
Gold might be a sound option for investment, but its prices can behave in an unpredictable manner. So, do not invest in gold without the guidance of a seasoned investor.
Image courtesy: goldnewsweekly.com
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7
Technology/gadgets
If you are not tech savvy, do not invest your money into gadgets like cell phones. Gadgets can become obsolete without giving you a chance to make a return on your investment.
Image courtesy: dtopgadgets.com
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8
Furniture
Furniture can take too long to sell if it has become outdated and old-fashioned. Although there will still be buyers, getting your money locked up in it can waste a lot of your time.
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9
Gym equipment
Gym equipment is not for everyone. Unless you plan to run a gym, do not even think of buying exercise equipment for an investment purpose.
Image courtesy: oneshotfitness.com
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10
Vehicles
Investing in vehicles can get a lot of your money tied up for a long time.
Image courtesy: navigantresearch.com
