Possible Long Term Investment Options To Top Up Your Nest Egg

Let’s talk about using long term investment options when it comes to retirement. Preparing for the future is more important than ever. In these uncertain times, you are more conscious of your finances.

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While your job may be unstable, you are thinking about tightening the purse strings, and you want to stick to a more stringent budget, you also need to have one eye on your future.

You still need a retirement fund that works for you. Seeing the savings in your account wallowing and accruing a pitiful interest can be soul-destroying.

To combat this, you need to be economically proactive by withdrawing some of your cash and creating a new investment portfolio to help top up your nest egg for the future. Let’s have a look at some possible long term investment options below.

bottles-of- red wine-long term investment options

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Wine

While it may sound a little outside the box, wine can be a phenomenal investment to add to your portfolio. Deemed medium risk, this can be a great asset if your portfolio is low risk. This gives you a little more chance to receive greater profits on your investment.

Investing in wine doesn’t mean heading to the local bar and purchasing a couple of bottles of your favorite rioja or chardonnay. Instead, you need to research the market in the same way as you would art or antiques.

By purchasing a crate of the finest vintage and storing it over a decade or more, you will find that it becomes more scarce and more sought after, increasing the value of your tipple.

A great long term investment, you can keep your eye on the markets and sell when you have achieved the profit that you are happy with.

Property

Rather than venturing into the residential property market, consider the commercial market. Residential houses look uncertain in terms of value in the current climate, whereas business premises will always need to be leased.

Consider getting in touch with a commercial real estate broker to get you the best deal and highest return on your investment. You could invest in off-plan premises such as warehouses, factories, and office blocks, taking a cut of any leases that are finalized post-building completion.

This is a fantastic long term investment. Alternatively, you can sell your stake in a building flipping your investment quickly in the short term.

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Forex

If you are eager to flex your stocks and shares muscles, Forex trading could be perfect for you. As a novice, you may be worried about risking your own money straight away.

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To combat this, ensure that you open a dummy account with a Forex trading platform. Here, you can use pretend money to buy yen against the dollar and sell krona against the peso. Any profits you make here won’t be real but neither will the massive losses!

When you are ready, and once you feel like you have spotted market trends, you can have a go for real. Start small, and get yourself two or three monitors for your home office. You need to monitor the graphs, charts, and tables that detail potential profit margins that you can enjoy.

Investing your own cash can be challenging and daunting. However, to top up your nest egg, have a go at these long term investment options to help your money work more aggressively for you.



Images courtesy of Pixabay, UnSplash, and Pexels.

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