One thing often associated with entrepreneurs is that they are not averse to taking the occasional risk or two, with their attitude being that, over time, the wins will outweigh the losses. Risk also plays a part in investment planning, and as all financial planners who are honest with you will tell you, there is some level of risk that the value could go down in every investment.
Thankfully, with effective investment planning and professional financial planners advising you, your experience should be one of rising investment values rather than diminishing ones. That brings us to the question of what investments you will make.
When discussing investments with your financial planner, you will soon discover several ways to invest money, and the characteristics of each one vary. Some investments are incredibly high risk; others have minimal risk. Some are complex; others are simple. Some offer high returns, others steady growth. As you can imagine, with all those variations, investment planning means making several decisions.
To get you started toward making some choices, we have listed ten investment options that many entrepreneurs have opted for. Not all of them may be recommended by your financial or investment planner, and the returns and risks vary greatly, so make your choices wisely.
Savings Accounts: One of the more straightforward and very low-risk options where you deposit your cash in a high-interest savings account or term account, and your balance increases due to compound interest being applied over time.