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Saving or investing your savings: Which financial instruments should you invest in?
If you are looking for how and where to invest your money, do your research or find someone to guide you in order to run the lowest possible risk of losing on the investment. Also, you should know that some will require a Social Security number and immigration status, while others will not.
Some of the financial instruments you can invest in are:
Bonds
Investment in which you lend money by acquiring bonds issued by a company or government. You will be paid in the agreed terms, and your investment and the profits obtained will be returned to you. In this type of investment, it may not be necessary to be legal in the country, however, it will depend on the brokerage firm.
Shares and investment funds
It consists of investing in mutual funds, indexed or listed funds, as well as in shares of other companies. By acquiring them you become the owner of the issuing company. You do not need to be a citizen or resident to invest in these financial instruments, but you will have to present more documentation and it will depend on the requirements that the company requests.
Real estate (Real estate market)
It is investing by acquiring properties (houses, buildings, land), and by selling or renting these, profits are obtained. You do not need to be a citizen to access mortgage loans, it may be difficult but not impossible.
Certificates of deposit
It is opening a savings account where you leave your money for a period of time and you can withdraw it until the maturity date when you will be given back what you invested plus the interest earned.
Term deposits
Investment in which you leave your money on a fixed term and can withdraw it until the maturity date along with the interest earned.
Other types of investment
Forex (buying and selling foreign currencies [coins]), cryptocurrencies (the most popular being Bitcoin), precious metals (buying and selling gold and silver), works of art (buying and selling in physical or digital form) and Crowdlending (lending money to individuals or companies).
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