There is a huge range of investment options open to those with a bit of cash to flash, ranging from super low-risk to higher-yielding opportunities that promise greater returns. As well as offering diverse returns, investment opportunities are tailored to suit varying interests.
For those who want a purely financial investment, ISAs can be a good way forward. You can opt for a fund that pays higher interest and lower capital returns or vice versa. ISAs are a true armchair investment – you put your money in, sit back and wait for it to work for you. One of the great things about ISAs is that you can vary the amount of cash that you put in (within certain pre-defined limits), so they can be a fairly flexible investment option.
If that sounds far too uninspiring, there are plenty of investment options out there that combine making money with lifestyle elements. Hotel room investment is an increasingly popular asset class that fits into this category. It’s a great option for those who want to invest in property but can’t afford a whole house and don’t fancy paying the stamp duty and onerous taxes associated with buy-to-let. Prices start at around £50,000 and most rooms come with the added bonus of a couple of week’s usage per year, meaning you can enjoy your investment in more ways than just earning income from it.
Another option is to use your cash to complete your bucket list in style. From dream holiday destinations to random activities (ever wanted to adopt your own llama or do a bungee jump?), writing a bucket list is a wonderful way to ensure that you make the most of life. You could be bathing with an elephant in Thailand, take a $84,500 ride up the Himalayas or stay at an Ice Hotel after seeing the Northern Lights. It’s not going to generate you an income or grow your capital, but if you’re of the ‘can’t take it with you’ outlook then completing your bucket list can be a wonderful way to get the best out of your time on Earth.
If you don’t fancy blowing all of your cash on holidays and experiences, why not try your hand at becoming a trader instead? These days there are plenty of resources out there to help you learn how to trade and you can do so from the comfort of your sofa or even on your mobile while out and about. As with investing in an ISA, the amount of capital that you commit is up to you. Just be sure that you educate yourself before you begin throwing your money at random commodities! There’s plenty of information at your fingertips when it comes to keeping up with global markets, so if you fancy the thrill of becoming a trader then this could be the investment to set your pulse racing and make your money work in your favor. Just remember that stocks and shares can go down as well as up!
Of course, seeking professional financial advice is always a good starting point when it comes to smart ways to invest, but hopefully this article has at least provided you with some inspiration to get you thinking about how you want to enjoy your cash.
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