4 places to put your money besides the stock market
A lot of people want to hedge their bets and grow their wealth on the stock market. This can work out well in some cases, and very badly in others.
Lately, many have been thinking twice about investing in the stock market. Are you looking for an alternative place to keep your money? Check out your options below!
1. Local small businesses
By way of regulated crowdfunding platforms like Honeycomb Credit, you can use your money to support small businesses in your community. As a bonus, you can visit these businesses and know that you’re one of the investors who made them thrive! Be sure to carefully read the details on each campaign page to learn about your potential returns and the repayment period; typically, you can expect a 6-14% return over a 3-5 year period.
2. A savings account
This is the lowest-risk option, but you won’t see the kind of returns you’d hope for in an investment.
3. Property, art, or jewelry
If you have a lot of money, you can consider this as a very long-term investment.
4. Inside your walls
This is probably a fire hazard, but could be good insulation if you want to save extra money on heating bills.
Want to check out some local businesses seeking investments? Click here for live Honeycomb campaigns!