Best Investments that Pay Monthly Income and Make Good Money

Are you looking for investments that pay monthly income but not sure where to invest your extra money

I am going to show you the best investments to make money with your extra cash

I will list below the best options to invest your money

Stocks

Before thinking about investing in Stocks, they are very volatile

Stocks can be the best investments to make money if you know how to do it

I believe you need to know the opening price and the stock highest price point

You can then decide if it is worth buying this stock for its dividend or it is not worth it

Keep in mind, I am referring to buying stocks to collect their dividends

Some stocks they don’t distribute dividends and keep the profits to grow their companies

If you are trading stocks by buying when price is low and selling when prices go high then keep in mind that you are jeopardizing losing money

Bonds are issued by corporations and governments

Big companies issue bonds to collect money from investors in return of a set date to pay the money back with interest

When companies issue bonds, they want to fill a gap and they are capable of paying it back

This is better than having these companies issue stocks to collect money as stocks would increase the equity where they don’t want that

ETF stands for Exchange Traded Funds, it is similar to stocks where its price fluctuates during the day

While in mutual funds, it has only the closing price of the day and that’s the price for the next day

ETFs and mutual funds are the second best investments to make money from even better than stocks

Because there are a team of expert advisors that manage these type of investments

They decide which stocks to buy in their portfolios

Real state can be very lucrative in hot cities like Toronto

What if you have some money but cannot afford to buy a property investment then you can do the following

If you have a car in good condition and willing to rent it in time you don’t need it

Then you can try Turo, check other websites like Getaround and TravelCar

I remember planning to take my family to a camping and beach place in Ontario, Canada

I found that the best way is to rent RV and it costs around $150 a day

That’s why if you own RV, you can rent it with website like RVShare and Outdoorsy

This is one of the investments that pay monthly income

Having an extra space to rent in your home like a basement is great asset especially this can help you partially in your mortgage

That’s why some households build a separate entrance to the basement if it is possible

You can rent it permanently or temporarily a day or two on AirBnb

If you feel not comfortable renting part of your house then there is another solution that is more convenient to you

You can rent your extra space to help others store their belongings

Try a website like Neighbor.com to connect with those who need to store their stuff

Lending money to peers through a lending organization

This is not a bank, you lend to those who need to borrow money

They don’t want to go through banks long process

You can try it with gopeer and lending club