7 Best Investment Options to Grow Your Money in 2023

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Keeping your money in a bank savings account will not help it grow. In fact, the value or purchasing power of your money will keep dropping over time due to inflation. Investing your money in high-return instruments is your only option to help grow your money and beat inflation.

The best investment options for you should be based on your particular financial goals and risk criteria. For instance, some investment options such as intraday and cryptocurrencies involve significant risk and might not be suitable for everyone.

On the other hand, long-term investing options such as stocks, mutual funds, bonds, etc. offer good returns at moderate risks and are perfect for most investors.

If you are looking for the best investment options to grow your money in 2023, here you go:

1. Stocks

Stocks are the companies that are listed on a stock trading market such as NASDAQ. You can purchase shares of a growing company/stock and hold them to profit from an increase in value over time. Make sure to study & research stock investing before you start investing in stocks because there is high risk involved in this type of investment.

2. Stock Tokens

Stock tokens are a great alternative to traditional stocks. They offer the flexibility & convenience of crypto tokens along with the safety of regular stocks. You can buy stock tokens of almost all top companies, including Apple (NASDAQ: AAPL ), Tesla (NASDAQ: TSLA ), and Google (NASDAQ: GOOGL ), as well as indices such as NASDAQ on Reflection Trading platform. You can buy stock tokens using stablecoins such as USDT & BUSD.

3. Mutual Funds

Mutual funds are professionally managed funds that combine different stocks or securities to benefit from diversified investments across multiple securities. There are hundreds of funds across many mutual fund categories you can invest in. To keep things simple, start with an index fund.

4. Real Estate

Everyone is familiar with real estate, which is one of the oldest ways of investing. You can buy land, an apartment, or a house and start earning from it either by renting it or leaving it to increase in value over years. Appreciation in real estate value, however, can be slower than other options mentioned here. There is also the risk of depreciation in a bad market. Real Estate is also not a readily liquid asset.

5. Commodities

Commodities such as gold , silver & fuel are other good investment options for normal people. Thanks to technology, buying physical gold is no longer the only way to invest in this commodity. You can now buy digital gold as well as purchase gold ETFs & mutual funds.

6. Bonds

Bonds are securities issued by companies or governments and sold directly to investors in exchange for their money. This is a kind of debt investment, in exchange for which the investor received a fixed annual return/interest. This is a low-risk investment.

7. Debt Schemes

Debt schemes or mutual funds are investment options with very low risk and moderate returns. Investing in these schemes is a good way to diversify your portfolio and reduce the overall risk.

Based on your risk appetite, you can distribute your money across equity (stocks, mutual funds, etc.), commodities, bonds, and debt. Make sure to consult an investment agent if you are just starting out.

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