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4 ways to invest your money that aren’t the stock market, according to financial planners
Financial planners say that if you want to invest outside the stock market and grow your money, try options like art and real estate.
By Jen Glantz
Early last year, when I finally decided to invest some of the cash sitting idle in my savings account, I turned to the stock market. I was a rookie investor and didn’t know what I was doing. I invested in companies I liked or felt had strong potential, but I didn’t do much research. I’ve come a long way since then, optimizing my stock market strategy to include studying earnings reports and being more strategic with my picks.
As I evolve as an investor, I want to make sure I’m diversifying my investments. Which is why I decided to turn to the experts for advice on other places to put my money aside from the market, with the hope that that cash turns a profit. Here are the four suggestions financial planners gave me.
1. Real estate
A good amount of my friends have turned to real estate investing over the past few years. Some have bought properties to rent out for passive income, and others have invested in homes to live in with the goal of selling in 10 to 15 years.
