The Top Financial Investments for 2013

by Fox Symes on April 29, 2013

When you’re looking to invest, it can be hard to truly understand where to put your money in order to yield the best returns. Especially if you’re new to investing, it’s important to look at the basics first. Here are some of the best ways to approach financial investments in 2013.

Invest in Yourself First

Before you look to increase your financial standing through investment, you should make sure your finances are in top shape. Experts advise new investors to pay off all of their debts, including credit cards and personal loans before they take the next step into investing. Work with your budget to understand how much you should be saving, and how much you have left over to invest.

Create a Plan

Think about what is important to you and create an investment plan around your goals. Each different type of investment will bring a range of benefits, as well as a unique set of restrictions or disadvantages. Your plan will help you to choose the very best investments for your personal needs.

Look for Longevity

It can be very tempting to place all of your money into quick acting high return investments, however this comes with great risks. Sure, the return may be far more than your original investment but you should also think about the potential losses as well. The best course of action, particularly for those new to investing, is to look for options that are lower risk and more likely to create a steady stream of income for many years to come. A conservative approach can see your investment portfolio continue to be a successful and prosperous one.

Property Still Pays

While the Global Financial Crisis hit many investors hard, the general consensus is that property is still a worthwhile investment. Once you the mortgage has been paid, many home owners start looking at ways they can invest. A popular trend is to buy an investment property and benefit from renting it out to cover costs. Another option is to invest in a Property Trust, which will spread your investment over a large range of quality properties, often in a number of cities. This provides the potential for high yields and is a great addition to any investment portfolio.

Invest in Infrastructure

Choosing to invest in infrastructure offers you a solid long-term and high quality cash flow, generally linked to inflation. Infrastructure includes major projects such as roads, pipelines, shipping ports, electricity lines, airports and rail tunnels. In the post Global Financial Crisis period, infrastructure investments recorded some of the best price gains, making it a solid option for those looking for a quality investment with good growth and stability over the long term.

One of the keys to successful investment is preparation and planning. Getting your personal finances in the best possible shape before you start will give you a good base to work from, and creating a plan ensures that your investment is structured towards success. With these points sorted, you can start the exciting process of finding the best investment prospects for your personal needs. Make 2013 a great year financially by following these top tips for great investments.

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