10 Ways to Profit

  • Always outpace inflation

    For long term goals like retirement or paying for your children’s education- inflation can really hurt. The low returns in banks will just not do. With inflation hitting its highest rate for four years (2.9%) it is important that your investments create substantially higher returns.

  • Diversify

    Invest your money across a number of projects and applications to help to lower risk and stabilise profitability. In an ever-changing world it is important to take advantage of a wide range of opportunities, that way if one investment does not perform well on a particular year, you can count on the rest of your portfolio to keep you in a healthy profit.

  • Be timely

    It is important to think of your long-term goals and often best to get in early. The more time you have the more dips in the market you can recover from and ultimately the more profitable you are going to be. Get in early, as soon as you know you are in a good place to do so and be patient whilst you realise your profits.

  • Risks are good, when calculated

    You can not be successful in investing without taking risks, it is the nature of the game. Do your homework. Work with trusted partners and only risk what you can afford to. Sometimes you may even lose money in the short term but it could be worth it for your long term monetary ambitions.

  • Start small

    It is best to start investing at a lower level if unsure, that way as your investments begin to perform well you will gain confidence. Invest on a regular basis to get used to the feel of it and build you knowledge from there.

  • Be hands off

    It is too easy to get drawn into the finest fluctuations of any investment. Once you have made your decision, sit back and enjoy, monitoring only at strategic times. There will be good and bad weeks so it is easy to get stressed out if you monitor too closely. Think about the overall term of any investment and monitor accordingly.

  • Make the right choice for you

    Everybody is different and we all have different goals. What is right for you will not be right for somebody else and vice versa. Choose investments that suit you and your lifestyle. Don’t choose to buy a portfolio of HMO’s if you want hands off, secure investments and don’t choose a passive investment if you want to get your hands dirty and re-paint the place every 6 months.

  • If you don’t risk anything, you risk everything

    By definition, it is only by taking calculated risks with your money that it is possible to make a profit and putting money somewhere traditionally thought of as safe, is probably not as safe as you think. As we know keeping money in a bank is riskier now than ever and you will not be earning on it as inflation is far greater than interest rates. Even a pension is not secure and it is likely we are all going to be older before we can reap the benefits of them. It is important to set yourself up for the future and allow your income to grow whilst you are in full control of it.

  • Let someone else do the work

    Use your monetary wealth as leverage and use other people’s skills and resources to grow your wealth. It can be difficult to find the best investments on your own. Allow other people to do the research and create a model which works, then once that model has been created take advantage of it.

  • Know what kind of returns to expect

    It is often difficult to predict returns on individual purchases but always make sure you understand the likely profitability before you invest. It is often better to go for steady returns than to look for that one big win which is more likely to carry a large risk. If you know what to expect at the beginning it allows you to plan effectively for your future investments.

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