<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=211695515988922&amp;ev=PageView&amp;noscript=1">
StreetShares Blog - The Resource Center for Veteran Small Businesses

StreetShares Blog

The Resource Center for Veteran Small Businesses

Receive Instant Updates

How to Diversify Your Savings with Stocks and Alternative Investments
| StreetShares Blog

By StreetShares on May 8, 2018

Many Americans know the importance of investing; however, it is not uncommon to have questions about where and when to invest, how to diversify savings, and what alternative investments to consider when building a portfolio. How much time and knowledge should you, well, invest in your investments? A huge concern many face as they prepare to enter the world of investing is the necessary time commitment, and, of course, trusting that the risks match the potential rewards—not to mention budgeting to diversify savings in order to receive the greatest returns.

Setting and Accomplishing Your Financial Goals

Let's start from square one- from using apps like Mint to track budgets and Ask Trim for living within your means, it's important to know what your financial goals are. Depending on the type of investment phase you may be in at this time, it is a good idea to take a look at your budget and decide what portion of that you are comfortable investing each year. This number will vary and will be unique for each investor, so it's important to take all of your personal financial factors into consideration.Create a monthly budget with this easy-to-use spreadsheet

StreetShares understands how daunting of a challenge budgeting can seem, which is why they've provided tips on how to create a budget. Great investments start with discipline in managing your personal budget. Once this is sorted, you can have a realistic view of how much you can responsibly invest.

Don't Miss - 9 Ways to Create a Personal Budget - and Stick to It

Getting the Most Bang for Your Buck

Once you have a grasp on your goals and the budget you have set for yourself, it is time to take a look at how to invest. What are some alternative investments out there that will give the greatest returns?

A great way to make sure that your investments are working for you is to diversify savings with alternative investments. I am sure you have heard the phrase "Don't put all your eggs in one basket"- the same goes for investing. In order to diversify savings, it takes research- there's no one-size-fits-all solution. You need to figure out what investments work for your personal goals and risk threshold. You can make these decisions on your own or hire the assistance of a financial professional to help you.

Impact American Heroes Earn 5% Interest While Helping Veteran Small Business

Invest in Veteran Business Bonds

Even if you diversify your holdings within it, investing entirely in one thing- like stocks- can still be risky. According to CNN, only 54 percent of Americans invest in the market, either through individual stocks, mutual funds, pensions, or retirement plans like a 401(k). That means there's a whole lot of action in alternative investing! Learn more about why investors are opting for the road less traveled here: 8 Awesome Reasons to Start Alternative Investing Today

Whether you are a seasoned investor or the new kid on the block, the the key is diversify, diversify, diversify. Exploring options in alternative investments is a great way to make your money work harder for you. Taking the time to do your research and make well-informed moves with your money will make it more likely to get you the gains you want while mitigating the risks.

This communication is provided for informational purposes only. It is not intended to be an advertisement, a solicitation, or constitute professional advice, including legal, financial, or tax advice, nor is StreetShares providing advice on any particular situation. StreetShares is not a bank. Bonds are not FDIC insured, not bank guaranteed, and not a bank deposit product or account. May lose value. This communication is not an offer to sell nor a solicitation of an offer to buy securities. See Offering Statement and related SEC Filing Documents.


Topics: Growing Your Savings

0 Comment