How to Maximize Your Passive Income

How To Maximize Your Passive Income

Today’s market is highly volatile; stock market price moves unpredictably and dynamically causing concerns for investors.

While there are many ways to generate passive income, it is important to further diversify your portfolio and look for alternative vehicles to earn more money.

What is Passive Income? It is income that is earned from something other than your 9-hour job. On the other hand, Active Income is income paid in a regular job through your fixed salary.

To get you started in maximizing your wealth, we have listed down the top 5 passive income opportunities and when is the best time to place your money in them!

1. Time Deposit

This is a bank product wherein your money is placed in a bank account and cannot be withdrawn until the specified maturity date. Time deposits also earn higher interest rates compared to savings and checking accounts, but it depends on the term and amount placed. The higher and longer you park your money, the higher the interest rates will be. To earn a high yield, you must first wait when the bank offers a good interest rate.

2. Bonds

Bonds are loans offered by corporations, cities, and governments. In exchange, there is a written and signed promise to pay a certain sum of money on a certain date and condition. If you want to minimize risk and maximize returns, choose funds whose assets are going up in value.

3. Stocks

Stocks are ownership shares in a company. Also known as shares or equity, it represents a claim on the company’s assets and earnings. Companies need money to finance their business so they earn it by either borrowing or sharing stocks. Investing in stocks of a company, you become one of its “owners”. When the market is down, this is the best time to buy stocks. Trading starts at 9:30 a.m. to 10:30 a.m, offering the biggest moves in a short amount of time. If you’re planning to buy stocks, do it on a Monday than any other day of the week because the stock market has had a tendency to drop during this day. Friday is probably the best day to sell stocks because stocks tend to be priced higher on a Friday.

4. Mutual Funds

A mutual fund is one of the most common types of passive income that is operated by “money managers” who create portfolios for investment with the pool of money from investors. To invest, you can buy through a mutual fund company, bank, or brokerage company that is also similar from stocks. The best time to purchase your own mutual fund and save money is as soon as possible because this is a long-term investment.

5. Buying Invoices

It is now possible to do receivable discounting through Acudeen’s peer-to-peer marketplace! As an Acudeen Funder, you can earn fixed income as high as 2.5% per month! Buying invoices through Acudeen is convenient because transactions happen online, its secured because all sellers and invoices for sale are verified by Acudeen, and it’s fast because the funds are deposited directly to your e-wallet after the collection of funds on the invoice maturity date.

Here are some tips to consider:

Prof Isko is a representation of an educated consumer who teaches us how to grow and manage our business well

Acudeen Funders grew their money as much as 15-25% per annum last 2018! Start growing your money today. Sign up now.

Check out our frequently asked questions page to learn more.

No Comments

Post A Comment

shares