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Step 1
Buy precious metal bullions or bullion coins! Invest in precious metal physically for hedge against inflation. You can buy them through many precious metal investment broker. The price go up and down depends on the market price and the broker mark up or commision. Check around different brokerage firm to get the best price possible. Make sure they don't charge you too much fee.
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Step 2
Invest in real estate! Invest in real estate when the price of real estate still cheap and lease them out to generate cash flow. There are many different real estate you can invest depend on your financial situation. Shopping centers, commmercial buildings, life style centers, offices, commercial land, apartments, houses, etc.
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Step 3
You can invest real estate in paper portfolio as well, such as REIT (Real estate investment trust), they require to distribute 90% of their income to the investors, thus if the company make money they pay the investors dividend. Their price go up and down. REIT can be held as a private or public company.
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Step 4
Paper asset! 401K, mutual fund, ETF and stocks are paper assets. Most companies offer 401K plan or define contribution to their employee. Employee match employee contribution up to certain point or percentage.
Mutual fund is a basket of many stocks, bonds, short-term money market instruments, and/or other securities. Mutual fund manage by the account manager. -
Step 5
You can buy ETF or stocks through traditional brokerage firm or through self manage online account. There are many different online brokerage firm that you can join. Check for their credibility, platform, rate and fees.
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Step 6
Invest in business! There are many different kind of business you can start or buy. Remember not all the businesses make money! Businesses are the most complicated investment. You have to do a lot of research on anything that you would like to invest.
