Do you have a couple of million dollars in hand? Why not invest it in a scheme to further increase your assets?
If you’ve successfully saved a million dollar or more for your retirement age, you can make fortunes by investing it the smart way. But refrain from investing in suspicious schemes or risky markets where you’re likely to lose your investment.
So, if you’re wondering how to get a good return on the investment, here are some effective tips to help you invest a million dollar:
1. Dividend Resources
If you want to invest a million dollars, dividend stocks can be a good option for you. You can enjoy huge profits every year, whereas the actual value of the stocks tends to increase with time.
However, you need to be careful when choosing the stocks. Go for stable stocks of companies that have been performing well for long. This way, you can earn high profits with fewer risks.
Here are the dividend stocks that have outdone other companies in the Australian market:
- Commonwealth Bank of Australia
- Ramsay Healthcare
- Flight Centre Travel
- Woolworths Group
- Super Retail Group
- Coca-Cola Amatil
- Sonic Healthcare
- Auckland International Airport
2. Commercial Real Estate
Real estate is another attractive option to secure your funds and get good returns. But as compared to residential properties, commercial real estate can give you a higher ROI.
With a couple of million dollars, you can easily purchase commercial properties. Even at the times of inflation or when the real estate market isn’t performing well, you can still make more than any other investment plans including stock market.
Aside from a higher income potential, they help you claim various tax benefits you couldn’t get otherwise. Moreover, since there are a large number of tenants occupying the building, you won’t have to bear hug losses even if a few apartments are vacant. The rent from other tenants can make up for the maintenance costs.
With a few repairs and renovations, you can also significantly increase the value of the property and thereby, enhance the revenue. Get in touch with StamfordCapitalInvestments.com.au to discuss the option of commercial real estate investment with a team of experienced professionals.
3. Buy Annuities
You can buy annuities with a million dollars. But before you go for this option, make sure you fully understand what an annual annuity is.
Basically, it’s a contract you’ll sign with an insurance company to achieve certain goals such as earn a lifetime income or cover long-term healthcare costs. If you try to break the contract, you’ll have to pay charges.
You can deposit your savings with the insurance company and they will pay you a pre-specified amount on a monthly basis. This income usually lasts for as long as you live.
If you’ve a million dollars in hand, you can secure your future by investing it in a smart way. The aforementioned tips can help you earn profits.