If you have 10k, what’s the best way to invest that cash? In this episode, Rob talks about the pros and cons of a variety of different ways you can invest your capital so you can decide what is the best solution for you.
KEY TAKEAWAYS
- This is not financial advice but Rob’s financial opinion based on his in-depth knowledge of investing.
- It’s important to diversify your investment, especially if this is the only cash you have. However, there is a balance to allow you to get compounding wealth so don't diversify too much.
- It’s important to have a mix of physical and digital assets as well as centralised and decentralised ones.
- 20-30% of your 10k should be in physical assets such as gold.
- Around 10% in bitcoin is a good way to diversify, you don’t want to risk much more than this.
- A percentage in stocks and shares ISAs are a good way to invest, particularly because of the tax-free element.
- Investing in a business will most likely give you the best return. Ideally, you want to look at around 40% of your 10k.
- Building a membership site is a simple and cheap way to get a great return on your investment.
BEST MOMENTS
“Whenever you invest money, you ideally want to be diversified”
“When it comes to investing you don’t want to be overexposed in one asset class”
“Emerging markets are higher risk”
“The best return you will get is on a business”
VALUABLE RESOURCES
http://rob.team
bit.ly/Robsupporter
https://robmoore.com/podbooks
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
