Investing in 2013: Where to put your money

Not sure on where to invest this year? Then, read on to get an idea.

15:57 02 February 2013

Everybody wants to make money through investing. This is the reason why several people have put a portion of their resources on bonds, equities, pension plans, etc.

But with the worsening economic condition, are you sure that your investment will yield great returns this year and the next?

Before you put your money in any investment vehicle, do your research first. The kind of investment that you choose should compliment your investment goal, resources, and risk appetite.

Check out share dealing and stock trading if you want to have direct control of your investment. In here, you can choose where to put your money. However, if you want to do it with the help of fund managers, sign up with mutual funds.

Keep in mind that depending on investment, the current condition of the economy can lower down your chances of making money.

Aside from stock trading and mutual funds, there are other investment vehicles that you can check out. If you’re preparing for your retirement, you can start a pension plan, opt for Open-Ended Investment company, etc.

The key here is that you know what kind of investment you’re sinking your teeth into and that you know your risks.