Did you know that you can be an “investor” for your whole life?
Well, not like a stock or angel investor. There are many other types of investing aside from stocks and startups, and their level of effectiveness varies depending on where you are in your life.
For instance, if you’re a young professional, then investing in a savings account and a mix of stocks, bonds, and mutual funds is a good rule of thumb. A senior who’s planning for retirement, however, would do better to invest in money-market funds and a pension plan.
Check out the investment guide below to get an idea of the different types of investments and when they’re most effective on your stage of life.
SEE ALSO: 7 Income Streams of Most Millionaires