Thursday, August 29, 2019

Making Money While You Sleep – Which Passive Income Stream is the Best For You?

“If you don’t find a way to make money while you sleep, you will spend your whole life working.” Warren Buffet, a self-made man who built his wealth on the stock market, once said these words. It rings true now more than ever with so many of us caught in the grind of our daily 9-5. In fact, some people are already deep in debt before they even get a job with things like student loans to deal with. 


If you are tired of the same cycle of working, earning and spending, you should try looking for ways to make money while you sleep. 

Invest in the Stock Market

You buy shares of a company listed in the stock market for a low price and then trade it for a higher price later. If you are an investor, you can hold that stock when it’s still cheap and then sell it years later when its price has gone up the market.

Put Up a Business 

It takes more capital and has more risks but if you run a thriving business, that can end up giving you a lot of extra income. 

GIC Investments 

This is a risk-free way of investing our money. The only way you will lose money is if you pull out your investment before it matures, in which case, you will have to pay a fine.

Mutual Funds

Your money will be pooled together with the money of other investors to be invested in buying securities. Your mutual fund portfolio will be managed by an investment firm in Vancouver.

If you don’t know which one is the best choice for you, you can start by consulting an expert from an investment firm in Vancouver such as Chalten Fee-Only Advisors LTD. 

To know more about Chalten Fee-Only Advisors in Vancouver Please visit our website: chaltenadvisors.com