Top Investment Options for Self-Employed

Author: Oliver Brown

For self-employed, there are several options available when it comes to investing. We did intense research and came up with top investment options to help you grow your money as self-employed.

Best investment options for self-employed:

Utilize Margin for Stock Purchase

Margin allows you to buy stocks without using your money. Margin involves borrowing money from a brokerage firm to buy stocks. 

However, you need to familiarize yourself with the stock market before making an investment decision. 

Over the years, the stock market has shown historical returns and as well as volatility. As a result of this, you should expect both the bull and bear if you are considering this investment opportunity. 

Consider Real Estate Investment Trusts

Real estate is a long-term investment option. It is one of the most reliable assets entrepreneurs should consider as investments. 

You can invest in single-family homes or apartment buildings with the help of real estate investment trusts (REITs). When you invest in REITs, you are buying shares of real estate. They pay dividends and offer a solid return. When you buy stock in a company that already owns real estate, you can get more benefits.

Fixed Deposits

You can save money in a fixed deposit account with a bank or an NBFC. It is a secure investment that safeguards your cash and guarantees an interest rate for a certain period of time. With a fixed deposit, your deposit (money invested) would be fixed at a specific interest rate and would be unaffected by market movements.

Consult a Financial Advisor

As a self-employed, it’s often hard to have time to research the best available asset, and this is where independently managed investment accounts come in. 

These accounts are managed by a trained finance professional who understand risk management and investment opportunities. These professionals charge a fraction of the amount of money they manage for their clients. You can consider consulting one to help your make better investment decisions. 

Invest in a Brokerage Account

If you have a brokerage account with a bank, it might be best to stay with that. A brokerage account gives you access to the resources your bank has. These include their sales team, legal team, and investment options.  Brokerage accounts are one of the most recognized and trusted investment options. If you choose to go with a discount brokerage company, there could be risks associated.

Conclusion

If you are self-employed and looking for ways to make passive income or make some investments, you may consider the options we mentioned above, but you have to be very careful. We strongly advise you to consult a professional or financial advisor before you make a decision. These professionals can help you to manage risks, investment opportunities, and assets, to minimize loss.