Assets You Should Own for Financial Growth

I talk a lot about finance on read.cash. Most of that knowledge comes from my bad financial days. And also the days where I forgot to save and invest. This gives you an idea on how the asset can change your life.

Previously I focused on how to make money work for you. And I covered a lot of articles that shows you how to make investment into dividend income. But now that phase is moving ahead and I am into more of diversification.

Another interesting thing to consider here is that having the financial focus needs to work on various set of the issues that we face as we age. So my focus is always on how the financial growth can be achieved and we worry less about losing the money.

So here in this article, let's take a look at the some of the assets that we can get used to for the growth purpose. I have personally learned from my experience on handling few of these so hoping you may find it useful.

Before you go for choosing any one of them. Make sure you are starting investing from the income that you can spare for the emergency funds and then start investing into below assets. Not before the emergency funds but after it.

Dividend Stock

This is one of my favorite. I always keep an eye on the dividend stocks. When you invest them you are going to get the yearly returns out of them. how much and how long and how frequent depends on the stock.

You earn pretty good based on your stock value. More units you have the more easier it gets when it comes to the stock handling. Your earning per year also improves when you manage the dividend stock.

I personally think that having the proper dividend stock is something we have to plan on properly. Like make a list of top 50 stocks and atleast buy reasonable 5 out of them and hold them long term.

Stablecoin Crypto

When it comes to minimum risk investment. You have to think of the stablecoins. you are going to be facing a lot of market dips and ups. You have stablecoin that remains pegged to USD value.

You can even invest into the stablecoins which are specific to your own nation. This way you would be able to hold a good amount in your pocket. This also comes in handy as a good emergency funds.

I personally think that stablecoin can be used for the proper investment if done on the time and also the money taken out on regular basis. Stablecoins like FlexUSD, Binance USD have a good holding and you can sell them in P2P market too.

Delegation-Reward type Crypto

Hive and few other cryptos are known for their value in delegation based investment. Like there are some of the curators accounts on hive which pay you daily hive for holding hive with them.

They may not give you much but they give you something passively while you lease your hive with them. I personally think of them as a passive income earner in the times when you can't actively vote on your own.

Make sure you are going to be investing into the proper places so that you get some delegation reward. Hive was an example. You can find more options for your own self and see if those options are good enough for you.

Govt Bonds. ETF and Deposits

Govt has their own investment options. Though crypto community is anti govt. You have to live with your own govt and not some foreigners telling you to hate your govt. So investing locally is a good option you should always practice no matter what anyone tells you.

Make sure to invest into the ETF and the bonds if they are good for you. Like in terms of the investments and also in terms of the long term holding. The percentage may not be that high. But you are holding them on secure amount and time.

Govt investment are secured often within specific limit. So ditch the govt hatred and see if you can work with your govt and properly and safely invest some money with the govt.

Mutual Funds

This is one of my favorite method of investing. Most specific set of the investment that I do in the mutual fund is the INDEX FUND. This is one of the best investment you can do with your money.

Another thing that I have found out with mutual funds is that there are some funds which allows you to take out money instantly which is liquid funds. Which are also good places to park your money.

I'd recommend you to try out the mutual funds if you have plans for long term financial growth. Also if you have dreams to own house and the place to take care of your own then you should have some funds into the mutual funds.

What do you think?

I feel that having the proper set of the assets that can earn money for you passively needs to be planned out properly and you have to regularly work on this portfolio which could earn you money.

What do you think? I'd appreciate your comments on this :)