We attach great importance to investment. This is an important way to increase funds and prepare for one day retirement.
But is it dangerous to be too addicted to the stock market?
You bet it is. Our financial advice columnist Dear Petunia recently heard a letter from a reader that his husband stopped funding his 401(k) so that he can bet on the stock market.
Is it okay for him to stop contributing to his 401(k) so that he can trade stocks? The reader asked. How do I ask him what he actually invested? I am worried that he is betting on the money we need for retirement.
That is not the way to go. Here are five safer ways to invest and increase funds.
1. Invest steadily like a normal person
Instead of betting all the money on the stock market, it is better to invest steadily. In the long term. The stock market is unpredictable, which means that sometimes stock prices will rise and sometimes they will fall – but over time, they tend to rise.
If you have not started investing and have some spare money, you can start small. Investment does not require you to invest thousands of dollars in all stocks. In fact, you can start using it for only $1. *
we like Tibetan, Because it allows you to choose from hundreds of stocks and funds to build your own investment portfolio. However, by dividing them into categories based on your personal goals, it makes things simple. Want to invest conservatively now? Fully understand! Want to participate with moderate or aggressive risk? Do what you feel.
In addition, with Stash, you can invest in a small portion of stocks, which means you can invest in funds that you would normally not be able to afford.
if you Sign up now (It takes two minutes), after you add 5 dollars to your investment account, Stash will give you 5 dollars. Subscription plans start at $1 per month. **
2. Increase your funds at a rate of 16 times — without taking any risks
Deposit some money in a safer place than the stock market-but you can still make money there.
You can get nothing under your mattress or in the safe. A typical savings account will not benefit you much. (Ahem, now 0.06% is nothing.)
But the debit card is called desire Allows you to earn up to 5% cash back and up to 16 times the average interest on funds in your account.
Not too shabby!
Please enter your email address here Get a free Aspiration Spend and Save account. After you confirm your email, securely link your bank account so they can start helping you get extra cash. Your money is FDIC insured, they use military-grade encryption, which is a nerd talk of “it’s completely safe”.
3. Stop making payments to your credit card company
One way to ensure you have more money is to stop wasting money on credit card interest. Your credit card company gets rich by blackmailing you at high interest rates.But there is a website called slim Shady Want to help.
If you owe your credit card company $50,000 or less, AmOne will match you with a low-interest loan, which you can use to repay every balance you have.
benefit? You will need to pay a bill every month.And because the interest rate for personal loans is low (AmOne interest rate starts at 2.49% APR), you will get out of debt That Much faster. Also: No credit card payment this month.
AmOne ensures the confidentiality and security of your information, which may be why after 20 years of operation, it still receives an A+ rating from the Better Business Bureau.
Takes two minutes See if you are eligible for up to $50,000 onlineYou do need to give AmOne a real phone number to qualify, but don’t worry-they will not send you spam over the phone.
4. Reduce bills by $489 per year
Another way to increase money: Stop overpaying bills.
For example, when was the last time you checked car insurance prices? You should buy your selection every six months or so-it can save you some big money. However, let us be realistic. This may not be the first thing you think of when you wake up. But it doesn’t have to be so.
A website called ensure Make it very easy to compare car insurance prices. All you have to do is enter your zip code and your age, and it will show your choices-even discounts in your area.
Using Insure, people can save an average of $489 a year.
Correct.In just a few minutes, you can earn $500 back in your pocket See your options.
5. Add 225 USD to your wallet, just to watch the news
This is a safe way to earn a little cash.
We live in a historical period, and we are constantly refreshing to get the latest news updates. You may know more than one news fan who thinks they are respiratory disease experts or political planners.
The research company wants to pay you to keep observing.By registering for a free account, you can add up to $225 to your pocket per month Inbox dollarsThey will show you short news clips to choose from every day, and then ask you some questions about them.
You only need to answer truthfully and InboxDollars will continue to pay you monthly. This sounds too good to be true, but it has paid users more than $56 million in fees.
Registration takes about a minute, and Start getting paid to watch the news.
Mike Brasfield ([email protected]) Is the senior writer of The Penny Hoarder. He tries not to indulge in the stock market.
*For securities with a price of more than $1,000, the starting price to purchase fractional stocks is $0.05.
**You will also bear the standard fees and expenses reflected in the ETF pricing in your account, as well as various ancillary service fees charged by Stash and the custodian.