Investments can be a science. To learn more about it, there are some books that can be very helpful. Plus, find out which are the best options to start investing with a very low risk.
FIVE BOOKS THAT WILL MAKE YOU AN INVESTMENT EXPERT
1. Rich Dad Poor Dad:
This is a key book to start before jumping into the science of investing money. It talks about finances and ways to make money while you sleep. Sounds interesting? It also explain that you don't need a high income to become rich, and how to teach your future children about money.
2. Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple:
If you haven't done any reading about investing, this book will give you a the introduction you need. It talks about making a solid plan even with limited capital, negotiating strategies, finding emerging makets, and more.
3. The Millionaire Real Estate Investor:
This book was written by Gary Keller, who is the founder of Keller Williams, which is the largest real estate company in the world. You'll learn to develop an investor mindset, achieving the best deals, acquire properties, and more.
4. Build a Rental Property Empire:
This is another book that proves that the best investments advices come from those who have proven success, like Mark Ferguson, author of this book, he has years of investing experience as a rental property owner, and rental state broker. He gives you in his book the exact details on how to finance, find, analyze, and manage rental properties.
5. The Book on Rental Property Investing:
This book focuses and shows, why many real state investors fail, creative tips to find good deals, ideas for financing rentals, and others, and you'll find yourself steps ahead of other investors. Brandon Turner is the author of other books, but this one is a top choice.
BONUS TRACK: LOW-RISK INVESTMENT OPTIONS
When you think about investing, you probably wonder how risky can it be. Of course, the more risks you take, the higher the return is, but there is no need to go wild to earn money. Fortunately, there are a lot of options for investors at all levels. If you are not comfortable with the idea of risking your money, there are safe options for you to consider.
Even though any investment has its risk, there are ways to put your money to work safely. Of course, returns are usually lower, but any return is better than no return:
1. Traditional Savings Account
This is a safe investment you can access with any bank or credit union. The returns on this one are non-existent but in the long run, you will get some interests. The good thing about this option is that your earnings won’t depend on the market fluctuations which, are many. Also, your capital is insured up to $250,000 via the FDIC.
2. Certificate of Deposits (CDs)
A certificate of deposit entitles you to get a fixed interest rate over a given amount of money you leave in the bank for a certain period. Your money will be inaccessible to you for as long as your CD lasts, and it can be up to a year, but in return, the bank will pay you interests.
3. Fixed Annuities
Fixed Annuities are a low-risk investment option you can get into with an insurance company. You provide a certain amount of money and, in return, they pay you interests. Interests are usually tax-deferred.
The thing you need to keep in mind when it comes to fixed annuities is that they are not very liquid, meaning you won’t have easy access to your money until the term is up.
4. Treasury Securities
Though conservative, treasury securities will provide a range of returns, depending on the type and length you decide to invest in.
Treasury securities include bonds, notes, and bills and they have different levels of maturity, ranging from days to up to 30 years. The good thing is that if you need your money before the time is up, you can still get a good price when you sell.
There are a lot more low-risk investment options available, but these are the safest you will find. A good way to invest in an even safest way is by diversifying your portfolio, so you always have your money working for you in different places.