Grow Your Money With fun coin Investment

Richwin Roger

Once there was a time when the economies around the world were self-reliant. The word self-reliant means people produced what they needed. There was no surplus production and therefore, no surplus income. But as you might know, times have changed. There is a surplus growth in the production of food and materials and a surplus growth of income. Now, the questionarises: are you using that money efficiently?

A lot of people struggle with money management. This is because saving and investing are two different things and people mostly choose to save. There is no problem in that, but the investment can be a better option than what you may think.

What is an investment?

The idea of investment is essentially based on the intention of making more money. It involves putting money in asset creation (asset is a term used for anything that generates more money). Now, an asset could be a property, a bond, shares, the fun coin and so on. Investments help people to gain money, either through profit or by accumulating gains. Either way, a judiciously done investment will only bore good fruits.

Types of investment

There are many types of investments. Below are some of the commonly done investments.

  • Public Provident Fund or PPF- This is the most common type of investment done by corporates. It is a simple investment. The government takes the deposited money to invest in funds and pay you an assured return.
  • Stocks- Stocks is a term used for buying shares. Shares mean the amount of ownership you have in a company or corporation. By this, you can earn through the dividends of the company.
  • ULIP- ULIP or Unit Linked Insurance Plans refer to a financial instrument that provides both investment and life insurance benefits. It is like getting dual benefits by investing in one. Whatever money you deposit, a part goes into investments on funds while the other half is for a life insurance plan.
  • Property- Well, you will indeed need a good amount of money, even for buying a property. But if you look at the bigger picture, investing via property has promising returns. The Value of property always grows.

As mentioned before, you can also look for other types of investments. Remember, investing is a simple, efficient, profitable and healthy way of growing your money.