Smart people are always looking for creative ways to make more money. They know ordinary money-making routes are already flooded, so they would rather choose other less common ventures that yield better returns. If you are like them, the good news is there are lucrative opportunities along the road less taken. Check out these profitable ventures:
Trade in gold coins
There is something about precious metals that excites people. Through time, man’s faith in them has never faded. In fact, Atkinsons Bullion noted that the allure of gold coins is still strong in London as it has ever been. Investing in these coins, therefore, is one of the activities many adept entrepreneurs do over the recent years. It would be wise to do the same.
Invest in preferred stock
If you are an investor looking for monthly or quarterly returns, then investing in preferred stock could be a good idea for you. Preferred stocks trade as both stocks and bonds. Unlike some types of stocks, preferred stocks have limited liquidity risk. Moreover, a trader can sell them at any time without worrying about penalties.
Consider utility stocks
The best thing about utility stocks is their ability to stay stable in price. That means you need not worry about price fluctuations that come with different sectors like technology and entertainment. Typically, utility stocks return a percentage of between two and three above treasury securities.
Invest in fixed annuities
Fixed annuities are an ideal investment if you are planning to save towards your retirement. Fixed annuities allow you to store and grow as much of your money as you want tax-deterrent. The thing to keep in mind is to find a financially stable carrier so you know your money is safe.
There are many opportunities to make money if you take the time to look around. The idea is to be willing to think of out of the box if you want to get the most out of your investments.