How Online Investing Can Make you Extra Money
Every day you hear of people talking about making money online. Online investing is a popular option because you can do it from the comforts of home, and there is so much learning material available. Here are three ways that online investing can make you extra money.
Stick with Volatile Stocks
Investing in the stock market can make you quick money online. However, there are stocks to be careful with such as volatile stocks. These stocks are those that are extremely high risk. Penny stocks are popular for new investors because you can start investing for penny’s and not risk all your money. A key indicator for a volatile stock market is a startup company. It could never get off the ground, and your investment goes to waste. Instead, try to go in for a company that already has solid ground. If you don’t have enough for your initial purchase, consider teaming up with a friend.
Purchase Real Estate Online
Real estate is a booming market, even when the housing market crashes. At this point, it’s extremely hot though. You don’t have to get your hands dirty to get involved with real estate investing. You can do so online with the help of a crowdfunding portals such as Fundrise or RealtyMogul. These sites allow individual investors to team up together and purchase real estate.
Although these platforms are set up to give you great deals and advice, do be sure to do your research before investing in a property. Know what the best market is, and if you’re interested in rental properties, it should be agreed upon who the best property management company is.
Sign up as a Peer-to-Peer Lender
Another easy way to get started investing online is to sign up as a peer-to-peer lender. While it’s considered difficult at times for someone to apply and be approved for a loan, it’s easy for you to get started as an actual lender.
An applicant applies for a specific loan amount. You and a team of other investors will pool your money together, sometimes as little as $25. Once they have the loan in hand, they start paying you all back monthly, at a rate of 3-4%. You are not 100% protected. However, it’s a select process with an underwriter looking at the application before you even see the application.
Keep the above three tips in mind when starting out investing online. Remember, no method is foolproof, so do be careful.