Households with modest incomes are likely to realize some savings which it is always worth investing. Among all the investment solutions, there are accessible investments that allow you to invest small amounts in the hope of realizing significant capital gains. Here are some accessible placements that are useful to study on a small budget
Invest in a parking lot or garage
It is increasingly difficult to find free parking spaces, especially in large cities. Faced with the high cost of public parking, more and more vehicle owners are renting a private parking space or garage. You should know that the purchase price of a parking lot or garage will depend mainly on its location. For example, it will be higher in big cities, between $ 15,000 and $ 50,000, than in the smaller ones where prices are between $ 6,000 and $ 15,000. However, the rental price will be higher in the capital: between 100 and 200 $ against less than 100 $ in the small cities. On the profitability side, it is estimated between 6 and 12% before taxes.
Why invest your money in a parking lot or garage?
Because it has many advantages. First of all, the charges are low, there is little maintenance to be expected, the risk of degradation is still minimal and the rent is not capped. To be sure to rent quickly, choose a car park or garage where demand is greatest: in city centers and near old buildings. Conversely, do not invest near recent constructions that include parking spaces or in an area where parking is still free.
Invest in gold coins
This is a secure investment. A true safe haven, gold coins are increasingly popular with individuals and are very easy to resell if needed. Investing in gold coins helps protect your money in the event of a financial crisis. If you want to invest in a gold coin, it will cost around 220 dollars for a 20 franc Napoleon coin. You can buy them from your bank or in a specialist shop, the fees of which vary from 3 to 5% for the first and from 1.5 to 3% for the second. The parts you buy must be sealed and have a certificate of authenticity. The most popular gold coins are the Napoleon 20 Francs, the Napoleon 10 Francs, the 20 Francs Suisse Vreneli, the British Sovereign and the 50 Pesos.
Invest in collectibles
Another investment accessible to small budgets: collectibles… provided you know how to choose them! Clothing, watches, stamps, comics, sports memorabilia or vintage accessories, the choice is yours. For all collectibles, make sure they are in a perfect state of preservation and carry a certificate of authenticity! These two elements are essential to hope to resell your object at a good price. In order to find these rare objects, no surprises, you have to watch, go to auctions, make markets, etc. When it comes to the value of a sports or artistic souvenir, whether it is a football shirt or a signed poster, it will depend a lot on the rating of the athlete or the artist. You will understand, each collector’s item has its own rating criteria. Carrying out a prior market research will allow you to target the most coveted objects.
Invest in the stock market
Keep in mind that it is still a risky investment. You can win more or less… or lose everything. To advise you, at least in the early stages, have a broker or your bank accompany you. They will help you sort through the various existing investment vehicles and determine your investment plan according to your budget. If you are hoping for a minimum return on your investment, many financial advisers estimate that the invested capital should be at least $ 2,000. Choose your stocks or financial products with care and don’t hesitate to seek the help of an advisor if you do not understand all the inner workings of the stock market.
Invest in wine
This is my personal favorite : Much like the stock market before, investing in wine was a big budget operation. A few years ago, a minimum investment of 10,000 € was necessary. Today, from 1000 €, you have the possibility to invest in red gold. However, to be profitable, you don’t have to invest in just any wine, and especially not just any how. A minimum of knowledge of the wine market is required to buy at the fairest price.
Choose great vintages, especially French Bordeaux wines, which are among the most popular and sought after wines in the world. Check its origin by detailing its label. Prefer wines that are already bottled because they have better visibility in terms of the quality / price ratio, and in original wooden cases of 6 to 12 bottles. To benefit from an attractive capital gain, you must allow your wine to increase in value, at least for 4 years. During this entire period, the bottles must be kept in a professional cellar to guarantee storage in the best conditions.
Invest in crowdfunding
Crowdfunding or crowdfunding is ideal for small budgets. It involves injecting a sum of money, however small, into a project. If this is successful, your winnings will be prorated to your initial stake. There are many projects, but those inherent in real estate offer a rather attractive yield of around 10%. On the other hand, if the project does not succeed, you lose all your capital.
Investing money is now possible and accessible, even for small budgets. And the internet has greatly facilitated the diversity of investment solutions. Nevertheless, there are more or less risky investments and to be sure to see an increase in your starting capital, it is better to be aware of the consequences and be aware of the market that interests you.