Other Ways You Can Get Rich Besides The Stock Market
Investing in the stock market can be stressful especially if you don’t know what you are doing. Some of the warning signs are losing sleep at night over stocks, making yourself physically ill worrying about your money, and just not knowing stock market basics like what a P/E ratio is. There is hope for you in the form of two other assets. They are running your own business and investing in real estate properties or a real estate portfolio.
Explore the two ways to get rich besides owning stocks.
From a purely anecdotal basis, it seems like more investors are capable of responsibly managing real estate investments because they are tangible. You can see a rental property. You can touch it, improve it, and physically count the cash you collect from owning it. There are many sub-specialties for those who invest in real estate, including individual rental houses, apartment buildings, storage units, car washes, office buildings, industrial buildings, and even real estate options or tax lien certificates. Each have their own benefits and pitfalls, appealing to different types of people.
If you have a lot of excess cash to invest but don’t like any of these three options there really isn’t much you can do other than just sticking it under your mattress or in the bank. The stock market and bond market are very similar because you are investing in companies even with bonds. If you don’t want to own your own business you can become a limited partner in one which essentially means you become a silent partner. You hand someone a bag of money let that person manage the business and get paid a dividend or royalty every month. Just make sure you pick the right partner.
About Shaun Archer Tatum Shaun works in corporate finance in New York City. He has done financial consulting for several start-ups and has worked at several Fortune 500 companies. He has contributed several finance/investing articles on Seeking Alpha which have been published on Yahoo! Finance.