Most of us are in the middle class. As a middle class, there are clear advantages as well as disadvantages especially when it comes to investment plans. The good thing being in the middle class is that we are often paid within our means for living and this means that you ain’t living that tough life. Sure, life is tough but it is not that tough as low-income class. Here’s the downside. We can’t afford to lose money in any forms of investment and we certainly don’t have a lot of money to invest either.
Being in the middle class for a long time, here’s what I can tell you. There are many ways you can make money and trust me, they are all workable. The biggest question is “Are you devoted enough?”
In this article, let’s discuss the best investment for the middle class.
1. Dividend (banks)
This works, every-single-time. I saved up enough money and kept in fixed deposits in various banks. In Malaysia, we call fixed deposits as “FD’s” in short. These FD’s came in handy when my wife delivered in the private hospital.
Got a little dividend and more importantly, my savings are safe. In my country, you will get anywhere between 2 to 4% dividend per annum depending on the amount and duration of your agreed terms.
Buying shares are always fun. There will be times where you make money and times you lose. If you are in the middle class and want to get out of this, consider doing a few shares from time to time. Consider it as a past time.
Shares come in many forms and often times you can either get it from the brokers in the stock exchange or buying it online. I use eToro because I’m geeky and it is easy to register (including buy and sell stocks).
If you are wondering, I devote around RM 1,000 a month for eToro. Until date, the results look promising and I could easily make extra bucks from this income. In most cases, I just buy stocks and keep them for the future.
3. High-Returns Investments
I have a decent job that pays rather well, to be honest. Involving in high-return investments are always a fun thing to do because of the risk. The returns is always way more than any of my other investments I ever involve myself in.
For high-returns investments, I often involved in cryptocurrency as the market is blooming with that. And this means that there is so much market to profit from this. Remember the last five years where Bitcoin worth under $50? Now, it worth over $2,500!
I do not recommend you to invest everything you got into high-returns investments as there is always risk. I even published an article talking about the risk which you can find it here, Bitcoin Investment For Newbies: The Good, The Bad And The Ugly.
Over to you
There are many best investment for middle class that you can leverage on. The biggest takeaway is not to invest into any Bitcoin bots at this point of time because they are mostly scam. The best way is to invest in stocks (online or offline) and good reputation investment programs.