As most of us have done, when I turned fifty 5 years back, I began to take stock of my life, my future and who it was all shaping up. I had spent my years as a professor in college and had successfully managed to retire at the age of 49. Financially I was very comfortable and had managed to put my two children through college as well as paying off my mortgage.
Whilst looking for my next challenge in life, I decided that I did not want to return to the world of work but I of course wanted to continue earning. It was for that reason, plus the assistance of my good friend Andrew Corbman that I decided to start using the wealth which I had built up over the years, to create even more for myself and add to the comfort of my golden years. If you want to do as I have done then here are some of the things which you can consider by way of investments.
Oil Futures
The oil industry is one which has fascinated me for many years and when I decided to turn my hand towards investments, this was one of the first places that I started. Oil futures are contracts which you can buy that have an expiry date and a prediction of what the price of oil will be on that date. If when the date arrives, the price of oil is higher, then you can guarantee purchases at the price which you have on your contract. These contracts can be bought or sold as the price of oil changes and if you know what you are doing you can make some solid returns.
Real Estate
Bricks and mortar are a great way to go about your investments and if you want to invest in something which is risk averse and stable when compared with the likes of stocks and shares, then this is the way to go. Ensure that you have done your research into the real estate market so that you know what kind of place you want to buy and where you want to buy it. If you are just starting out with real estate then keep it simple and buy somewhere that does not need a lot of work.
Start Ups
My most recent foray into the world of investment has seen me turn into an angel investor looking to help with a start up company. The company is one which is going into the geological industry, my specialist subject and I really feel as though they can find great success in this field. I have forged a great contract with them that will see me take up a large percentage of their business in exchange for my investment and support. If you have a speciality then why not look for start ups in your field and see if you can forma mutually beneficial financial relationship with them.
