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What to invest in now to enjoy life at the age of 50

The American psychologist in the book “Important Years” says that a period of up to 30 years is the most important for a career. Therefore, invest in professional development: buy books, tools, courses, and save retirement savings for later. If you are more than 30 years old, it’s time to think about your savings and take care of your old age. Before, we talked about how to correctly calculate how much you need to ensure yourself a decent old age.

However, any expert in the field of personal finances will confirm that the savings do not have to be idle, they can bring additional income. There are 4 options ..

Bank accounts

Bank accounts

Income: 3-4% per annum.

The easiest and most secure way to invest. But such income can not increase capital to a large extent.

stock

stock

Income: can not be predicted.

If you know finances, you are ready to set up an investment account with a bank or brokerage house to trade on the Warsaw Stock Exchange, investing in stocks is what you need. Earn 20-25% from trade – it is quite real. However, sometimes purchased shares lose their value.

Real estate

Real estate

Income: 5-6.5% per annum.

Investments in real estate are always profitable. They bring stable income and help protect their savings from inflation. With the increase in prices, the cost of rent increases.

According to Business Insider data, we earn the most when buying a flat for rent in Katowice (income around 6.5%), Gdańsk, Łódź and Warsaw (income about 5-5.5%). But the initial price is about PLN 200,000. You can not buy a flat in the primary market at a lower price.

Gold

Gold

Income: can not be predicted.

Investing in gold is extremely simple. You can buy a gold bar, a coin or invest in impersonal metal accounts. However, do not expect guaranteed income. You can only earn money by increasing the price of gold.

In the period from 1980 to 2012, the price of gold increased from 850 to 1,900 dollars per ounce. Pretty good, right? But since 2012, the price of gold has been falling. Now, the ounce can be bought for 4580 zlotys (1344 dollars).

But in the future, buying prices can go up again. In times of crisis and financial instability, gold prices tend to increase. Now is the time. If you do not believe me, just read the news.

And at the end the main principle is to invest funds in various types of investments. Invest some of your money in shares, part in gold, and part in real estate. This will minimize the risk.

It should be remembered that there are good tips on the Internet from time to time, but you always have to be prudent. Remember also that you yourself are responsible for your financial decisions.

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