Let me start off by saying that there is no one answer to the question “What is the best way to invest my money?” It really is a unique, individual choice because there are several variables involved in making the decision, such as:
- amount of money available for investing
- knowledge about the different types of investment vehicles
- advantages and disadvantages of each investment vehicle
- comfort level in dealing with a particular investment
- advice given by professionals, family, and friends
In order for you to make the right choice, I will discuss the different types of investment vehicles as well as the pros and cons of each.