Getting ready for doomsday makes one think about where to put money when the SHTF. Since we do not really know what is going to happen, we just cannot put all we have into the bank.
These financial institutions can also close down as we learned about six years ago. We preppers love to put our stuff in safe places where we can get access to it when the need arises. Considering the hard work we all put into our finances, it is only fair to be very careful about where to put it.
Nine Great Prepper Investments Outside the Stock Market
That hard-earned stash needs to be handled in a way that it will not diminish, which is why it is a good idea to invest it. The stock market can be tempting because it doesn't take much effort on your end to make the money grow. The secret is how and where to invest it, and it does not always involve stocks.
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9 Ways to Invest Without Putting Money Into the Stock Market
As a financial planner, I spend a great deal of my time advising clients on how and where to invest their money. Between bonds, mutual funds, ETFs, and even individual stocks that offer dividends, there are a huge number of options out there for investors to grow their money in the stock market.
However, the stock market can be volatile in ways that the average investor may find difficult to watch. When my clients feel jerked around by the market’s ups and downs, they often ask me for advice on alternatives to investing in the stock market.
Here are nine possible investment alternatives that can also help you achieve your financial goals.
1. Real Estate
For many years, real estate was one of the most popular alternatives for investors who were skittish about the stock market. Unfortunately, it was also an investment that anyone who had watched home-flipping shows on HGTV thought they understood (including yours truly). Of course, we all know what happened in 2008, and six years later, many investors are still wary of the real estate market.
But in many markets, prices still haven’t entirely recovered from the crash, which means it’s possible for average investors to add real estate to their portfolios. In general, there are four accessible routes to real estate investment. I’ll share two that I’m familiar with and then I’ll have a legitimate real estate investor share his popular methods.
First is purchasing a rental property as an individual, and second is buying shares in a real estate investment trust (REIT).
Individually buying a rental property is pretty straightforward, but because you will have to invest money in upkeep and time into being a landlord, it’s not necessarily everyone’s cup of tea. Unless you use a management company, which will cut into your profits, you may find that being a landlord takes up too much of your time and resources.
Some people even if they have a lot of cash do not put their money in the stock market. This is because they know about its disadvantages. If you are under the impression that there is stable income/profit, stocks are not for you.
Consider putting your cash in stocks as a gamble because it is known for being volatile. The market can go up and it can go down. You could win, or you could lose, and this is dangerous for preppers.
Apart from being unstable, the stock market is also a big one, definitely a huge challenge for folks like you and me. There are thousands upon thousands of choices and it will be difficult to be sure about where to put your money.
You will have to do a lot of research to find the best and surest way to make a profit. Apart from being big, complicated, and unpredictable, the stock market is also full of risks. When you invest in a company that goes bankrupt, you are in big trouble.
If you are thinking about investing, there are lots of other, safer and more profitable places.
Do you have other investments in mind? Let us know in the comments.
If you're looking for IRA investment advice that goes beyond the stock market.
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Editor’s Note: This post was originally published on July 20, 2015, and has been updated for quality and relevancy.