Where to Invest Money: 4 Strategies Any Investor Can Follow
The goal of investing is to make money so you can achieve your financial goals. Many investors ask where to invest money that they have ready to deploy, but the right answer for you depends on your own particular needs and preferences. With that in mind, below you'll find several strategies designed to appeal to certain types of investors, including looking for the best sectors for high growth, the best values in the market, the best income available from stocks, and an all-purpose strategy that includes stocks that do it all. Find the one that best fits your investing plan, and you'll go a long way toward becoming a more successful investor.
Many growth investors look to identify the best-performing sector of the market. By jumping into areas of the market that are already popular, growth investors hope to tap into long-term trends that still have a long way to run.
During the first half of 2017, the sectors that had the best performance were technology and healthcare. Tech stocks have climbed dramatically because of new initiatives that are driving interest in the sector, ranging from cloud computing and data analytics to artificial intelligence and the Internet of Things. Healthcare has done well in areas such as innovative medical devices and biotechnology, where success stories can create riches seemingly overnight. There's always risk involved in stocks like these, because the companies that do the best during good times often fall the furthest when the going gets rough. Nevertheless, growth investors who are comfortable with those risks can gravitate toward tech and healthcare to seek further gains down the road.
Source: Fool.com
