It is no wonder that a considerable number of people are turning to asset management specialists to help them optimise their savings and investments. For the uninitiated, this process can be daunting and market conditions remain tough. Meanwhile, making use of the more traditional investment options, such as regular savings accounts, may not offer impressive returns at present.Indeed, a recent report in the Daily Telegraph highlighted the fact that a number of banks and building societies have withdrawn their market-leading offers amid fears that interest rates could sink even lower.
Last month, International Monetary Fund head Christine Lagarde suggested that the Bank of England should consider lowering its base rate to zero if the economy didn’t start to pick up. In the wake of this, four leading savings accounts were withdrawn and replaced by lower-paying alternatives.
According to the publication, some of the “most dramatic” changes took place in fixed-rate accounts.
It went on to note that while a “handful” of accounts are paying attractive rates, most savers are earning “next to nothing” on their savings. However, they could boost their returns by shifting their cash to better accounts, it claimed.
During periods of economic difficulty, it is particularly important for investors to be creative and to explore the range of options open to them. While going this alone can be a daunting prospect, there is plenty of expert advice and guidance available.
Whether people want to make the most of fixed income investments or anything else, they should find it easy to access the help they need.
If you find that you could do with boosting your income and don’t have the time to get a part-time job then using the internet could be the answer.The online world is much more than finding information on Wikipedia: it’s a fully loaded powerhouse that can help you earn more money too. If you have a sellable talent, you can use the many forums and job sites to promote yourself. For instance, if you have experience with graphics and design you can offer such services to people; whether it’s website designs, media icons or stock imagery.
If you’re good with words then freelance writing is an option, as is website designing if you have the know-how. The internet can even be used to offer tuition, such as musical instruments or a school subject, thanks to the use of a webcam and microphone. Such is the benefit of this that it transcends locality; you can teach English to students in China provided you both have an internet connection and a microphone. With online banking and PayPal, receiving payments is incredibly easy, too.
If you don’t want to use your own innate talents to generate some more money, there are other options. If you have a small amount of money you’re willing to spend then you can get involved in online gaming. Provided you don’t use this to get out of debt and understand the risks of gambling addiction, the internet is full of casinos, so you can play your favourite games and earn a bit of money at the same time. If casinos aren’t your thing you can play other games like Bingo or Deal or No Deal from the comfort of your computer chair, all the while being in with a chance of receiving some money. It may not be enough to buy you a new house but you never know, you may get lucky and hit the jackpot.
These are just a few suggestions and they barely scrape the surface of what the internet is capable of offering. If you spend a little time researching the options and possibilities as well as deciding what you may be able to offer others for a fee, it won’t be long before you’re up and running and earning some extra income online.
To give the earnings an extra boost you can put anything you earn from the internet into a savings account like a cash ISA. This not only keeps the money earned separate from your day job, it also will be subject to higher interest rates so that what you earn can increase further – when it comes to a time for you to make a withdrawal, you have more money than you actually earned. With financial possibilities like that at your fingertips, there’s no time to waste in establishing your online presence now.