Invest in Property & Savings in Bank

invest in property
Buying houses and shoplots are a good investment but this require some capital. If its a new property sometimes you can get good deals with the property developers who has tie-in with the banks for a zero-cost deal, meaning they (bank and developer) will absorb the legal fees and other related costs.

Buying a property is a permanent deal, your cash are tied in for long term. It will take time to liquidate, therefore it is important that you do your homework before venturing into this type of investment. Ensure that your property is in demand for rental or sales with a good return. It is not easy, but if you are intending to rent out your property, to be worthwhile you need to get around 8 to 10 percent return per annum.

Avoid unpopular locations… look into the social, economic, environment aspects of the area before making a decision to purchase. The current as well as the future prospect are very important gauge for a wise investment.

invest in Fixed Deposit
Fixed deposits is good for “parking” your fund for temporary measures, for the “just in case” scenario. Meanwhile, your money is earning money for you. Here again, you can source for a better deal from different financial organisation. Some banks offer better interest rates than others.

An alternative is to buy into foreign currency, one which is increasing in value with better return (higher interest paid) than your home currency.