Have you ever wanted to make a profit but not want to have to do a physically demanding or boring job or task, then investments are for you. But beware that you can also lose money by investing... We are getting ahead of ourselves here, let's start with the basics: What is an investment? An investment is something you that purchase in hopes of making a profit, there are several types of investments such as stocks or shares, cryptocurrency, NFTs, commodities, bonds, funds, trusts, ectara and even objects, like real estate. A stock or share is part of a business, company, or organization, and its value is directly dependent on how well the company, business, or organization is doing or if you have a put or call option which is a contract in which you can purchase a stock for a predetermined price for a certain time (call) or sell it for a predetermined price (put) for a set amount of time (usually a month). The two main stock markets in the United States of America where you can buy stocks are NYSE and Nasdaq. Cryptocurrency, commonly referred to as crypto, is a digital currency that can be traded for money, items, and even other crypto. It can be sold too. NFTs are digital creations that function likewise crypto. The differences are that crypto is fungible or has a set price and NFTs are not, you can also buy NFTs with crypto but not vice versa. Commodities are items that fluctuate in price like precious metals, coins, oil, and animal products. Bonds are debt obligations of people or companies that the holder of helps pay off then receive profit from said person or company paying you interest. Interest is the amount of money a lender makes after their money is borrowed. A fund is money that is saved for a specific purpose. Trusts are group agreements that allow someone to receive profit from something that they don't fully own, but they also must help manage it. A portfolio is all your investments. How can I be smart about investing you may ask. Well, you can lose money off of investments, so it is always recommended to research before you buy an investment or really anything. You should also not spend too much on one investment (based on how much money you have) and vary your portfolio encase something crashes or is no longer a worthwhile investment. In conclusion, there are lots of different investments and many ways to manage them. Also never trust someone who made an equity line(s) to help pay off their mortgage.
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