I had a chat with my friend on how to grow money; make money work for us instead of the other way around. My friend likes to play it save and keeps all his spare cash in Fixed Deposit accounts while I like to speculate in stocks. Perhaps it is because of our different mindset shaped by age and experience.
In any case, I told him to check out stock options trading, a good way to increase our money if invested properly. Of course, to know which stock option to buy, we would have to do a little research and compare the different options to get the most out of our investment.
It really is very different from putting money in Fixed Deposits where we don't have to do anything at all and wish for our tenure to be up to reap the interest. This is a sure way, but it is very slow and I definitely do not have the patience for it. Stock options are the way to go for me.
In any case, I told him to check out stock options trading, a good way to increase our money if invested properly. Of course, to know which stock option to buy, we would have to do a little research and compare the different options to get the most out of our investment.
It really is very different from putting money in Fixed Deposits where we don't have to do anything at all and wish for our tenure to be up to reap the interest. This is a sure way, but it is very slow and I definitely do not have the patience for it. Stock options are the way to go for me.
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