I retired 3 years ago at the age of 50 after a 44 year career in the transportation sector. I was pleased to have retired so early and whilst I was incredibly excited for the next chapter of my life, I very quickly found that I was bored and struggled to fill my time. Having worked for such a long time it can be very difficult to fill that void which the world of work has left you with.
I saved well throughout my career and in all honesty the retirement plan which I had invested in all my life, was not actually needed as I had put a great deal of money aside throughout my life. I spoke with Andrew Corbman, an old friend and financial professional who advised me that investment may be a smart choice for me. I decided then to put my money to work and invest my retirement fund. The investments keep me busy and have so far made some good money and if you would like to do the same, here are my recommendations of where to invest your retirement fund.
I didn’t know anything about stocks and shares so I decided to get involved with the real estate market for my initial investments. What I like about investing in real estate is that I can actually see my investment in those blocks of concrete, something which the stick market can not offer you. When you invest in real estate you can either buy with the intention of selling or you can buy a place and rent it out so that you receive a little bit of money each month. As with any investment, you will need to spend the time on ensuring that you understand the market and that you can sniff out a profit.
My first foray into unknown territory was an investment into the oil futures market and it was one that really has paid dividends. Oil futures are basically contracts which predict the price of oil at a particular date in the future. As the oil price moves up and down, so too will the value of the contract which you have in your hand. If you keep the contract until its expiration, you will be able to guarantee that price should the cost of oil rise above it, if the price is below your contract value, you will simply lose your investment.
My most recent investment is a start up in the transport industry and it is one which I hope will make me some strong profits in the future. Investing in a start up is best done if the business is in a field of your own expertise and if you believe in the new business then you can invest some money and receive a stake in the company in return. Make sure that you negotiate well in order to get the best deal possible and stay on hand so that you can offer advice and assistance when it is needed.