How would I Invest additional savings i accumulated during Covid19 during 2020

 I would like to think, I am a good saver. Over the years i have worked in different trades starting from very basic income to what i would say a reasonable income. During all my years i always tried to save, when i was earning less, my expectations from life were a lot less and more i earned the more i spent. This post is not about my life but more about what I would do with additional savings i and many people might have saved during these times.

I am not traveling to work anymore which saves me small amount of money every month, some people might used to buying coffees every day but they can't do that now, some people might be smoking a bit less because they are not in office and there is no one to smoke with anymore. Some of us might not be buying lunches and going out to restaurants for dinner but now force to cook at home. We all might have had different habbits which we can't do anymore and saved some money. These are the ways i would invest my little extra savings, yes you will not be a millionair buy investing less but you will be if you keep doing it with a bit extra more but that's for another post:

1. Invest in property

You cannot save much by not drinking coffees but whatever you have saved you can use that to invest in REIT, that's Real Estate Investment Trust. A Real Estate Investment Trust (REIT) is a company that buys, finances and manages real estate property. Using REIT an investor can invest without actually buying a property. By investing using REIT you are investing into a portfolio of properties with other investors, similar to Stock Trading. Depends in which part of the work you are living in and where you would like to invest, there will be different organisations who you can invest in. To learn more you can go to REIT, this will give you a basic idea of what REIT is, you might want to look into the organisations who work in your part of the world so you can make informed decisions.

2. Invest in other Businesses 

One of the best investments you can do is to invest in other business, there are many ways of doing it but if you can find a business which is going to be very big e.g. a company which is future of Amazon that can make you millions but we are not talking about big investments here, so to invest small some of the easier ways to invest is to look into Angel Investing. Angel Investing is where businesses are looking for investment, may be help from someone who has contacts or someone who has knowledge to help expanding existing business. Again this is something you will have to spend time to find out which business you want to invest in and if that business will accept your investment. It's a great way to start but needs a bit more attention. If I were to invest, i will do my research. There are many companies in the world who promote Angel Investment, one of them is Angel Investment Network, they are USA based company but if you are living in Europe you can look into eban.org or for anywhere else you can easily search. This does require a bit more attention as companies not just want your money but sometimes bit of time from you as well.

3. Invest in Stocks or Funds

This is something which can be done with less money but to make good returns you will have to invest either regularly or invest more. Investing in stocks can also be tax efficient, again depending on which part of the world you are living in you can find an investment account which is Tax free e.g. in USA its Traditional IRA or Roth IRA, in UK it can be Stocks & Shares ISA. There are few other options but regardless of where you are, when you are looking to invest in stocks and shares, i would highly advise to do your own research or take independent advice. Stocks can be a good way of investing your hard earned money. Funds are similar to shares but some investment companies offer collection of Stocks or big companies into a Fund, which makes it easier to invest in a Portfolio of Stocks.

4. Invest in yourself

If you think i am talking rubbish, the best investment you can do is to invest in yourself. That does not mean to learn something new or go and spend money on a course, that means try doing something which gives you extra money e.g. Make youtube videos about a passion you have, try to build a blog, start a small business or sell something online. Internet is full of ideas but what's needed is you, when you want to start something new, you are investing in yourself, you will learn new things by doing something new. You might be thinking YouTube does not require any money, well ifyou want to make money you do need to invest time and be a bit of money to buy good quality mic, same of other forms of online ideas, you always need some money or time.

Disclaimer: Your investment value can go up or down, please take financial advice and do your own research before investing. All my posts are based on my knowledge and are not investment advice.