Investment is a prominent aspect of long-term financial planning. It is a great way to tie your assets, ensure financial security and grow your wealth by taking maximum advantage of inflation-beating returns.
William Schantz of Mid Atlantic Financial LLC points out that there are many different types of investments and businesses you can get involved in. This will allow you to accumulate your wealth and learn financial disciplines as you set aside some money every month. Here is a list of a few profitable businesses that William Schantz recommends you invest in.
9 Profitable Businesses
Startups: A startup is a company or organization in its early stages, typically characterized by high uncertainty and risk. However, investing in a well-run startup can be highly rewarding. With the right team and business model in place, startups have the potential to grow very quickly and generate sizable returns for investors.
Small businesses: Small businesses are often a good investment for those who want to play a more active role in their investments. Buying into a small business gives you the opportunity to be more involved in its day-to-day operations and future growth.
Real estate: Real estate is a classic investment that can offer stability and income through rental income and appreciation. While there are risks associated with any investment, William Schantz believes that well-chosen real estate has the potential to provide strong returns over the long term.
Commodities: Commodities are materials used in the production of goods or services. Investing in commodities can provide a hedge against inflation and a way to profit from global economic growth.
Bonds: Bonds are debt securities that typically offer a fixed rate of return. They can be issued by corporations or governments and can offer stability and income for investors.
Mutual funds: Mutual funds are a type of investment that pools money from many investors and invests it in a portfolio of stocks, bonds, or other securities. Mutual funds offer diversification and professional management, making them a popular choice for many investors.
ETF: ETFs are similar to mutual funds in that they pool money from many investors and invest it in a basket of assets. However, ETFs trade like stocks on an exchange and can be more easily traded than mutual funds.
Options: Options are contracts that give the holder the right, but not the obligation, to buy or sell an asset at a set price. Options are often used as a way to speculate on the future direction of a market or asset.
Futures: These are contracts that obligate the holder to buy or sell an asset at a set price at a future date. Futures are typically used by investors who want to hedge against price movements in the underlying asset.
Bottom Line:
According to William Schantz, the key to finding the right business to invest in is choosing a brand that aligns with your goals and objectives. With so many options available, it’s essential to do your research and consult with a financial advisor before making any decisions.