01-31-2021, 05:40 AM
Do you invest money in something or having a long-term investment plan? I think one of the biggest problem society have is people get old and end up without any money or family. In the modern world, we no longer can rely on our families to take care of us in old age. It worked great in old days but today I think it's becoming less and less practical. So we need to have some money saved for those times when we are helpless to do what we do now. I know there are many ways people invest money on Like Fix deposits, Life Insurance, real estate property, gold, etc. Also, there are not so common methods like investing in rare items, etc.
Do you have a plan or have you been already doing that? Younger you start it will be better for you when you get old.
There are several things I do and I like to do. I think buying some land would be a great investment. I haven't done this yet but I'm going. It doesn't have to be something expensive. There are areas where land is pretty cheap. But these are won't stay undeveloped all the time. Another reason why I want to do this is that I would love to settle on a small farm one day and grow stuff, move away from busy cities.
I also invest in the stock market. Now I do it long-term way. I buy small about of shares like every month. But only from those big companies which have pretty solid share price. So I will keep buying for the next 20 years or so or till I decide it's no longer matters.
There is another thing I do. I buy stamps. Now it doesn't look like a promising way to invest money for some who don't know about philately. But in some countries, there is a pretty good market for that. Also, it's one of my hobbies. So it's a hobby which I can enjoy but also can have future returns. Now I'm kind of so obsessed with it so every month I buy a bit of stamp at face value.
Do you have a plan or have you been already doing that? Younger you start it will be better for you when you get old.
There are several things I do and I like to do. I think buying some land would be a great investment. I haven't done this yet but I'm going. It doesn't have to be something expensive. There are areas where land is pretty cheap. But these are won't stay undeveloped all the time. Another reason why I want to do this is that I would love to settle on a small farm one day and grow stuff, move away from busy cities.
I also invest in the stock market. Now I do it long-term way. I buy small about of shares like every month. But only from those big companies which have pretty solid share price. So I will keep buying for the next 20 years or so or till I decide it's no longer matters.
There is another thing I do. I buy stamps. Now it doesn't look like a promising way to invest money for some who don't know about philately. But in some countries, there is a pretty good market for that. Also, it's one of my hobbies. So it's a hobby which I can enjoy but also can have future returns. Now I'm kind of so obsessed with it so every month I buy a bit of stamp at face value.
