As 2019 begins in earnest then you may well begin to think about your personal finances and how they may fare in the new year. With the uncertainty of Brexit still rumbling on in the UK, you may feel that 2019 is the year to begin investing to help grow your wealth. When you factor in the poor interest rates on bank savings accounts, then it is clear to see why many people are turning to other investments. Average returns on investments hover around the 5% mark, which is much better than the one or two per cent offered by the banks.

Of course, as a new investor you will need some guidance on how to go about it successfully. Do you opt to trade on the FX currency market where over $5 trillion is exchanged each day, or other markets, like the London Stock Exchange or the UK property market? With all the different options around it is essential to know what you are doing before parting with any cash.

How to invest money successfully in 2019

There are some great tips on how to invest money as a beginner shown below. If you take your time and work to a plan, then you are giving yourself every chance of success.

  • Get educated on investing – the first, and perhaps most important tip, is to learn about the financial markets where you will invest. This should be in general terms to start off with and then look deeper into specific investment types. Make sure you know how to read charts, what all the terminology means and how the markets work. This will ensure you know what you are doing before risking any of your own money. The internet is a great source of information but books by successful investors are also worth reading.
  • Draw up a plan – once you know what you are doing then you need a plan. Writing down a detailed plan will enable you to invest with a clear strategy and in an organised way. Your investment plan should include what sectors you will invest in, how you will find investments to fund, when to exit the investment and what level of risk you can tolerate. Once written, then have it with you at all times when investing so that you follow it.
  • Choose where you invest wisely – the truth with investing is that it is an individual activity that will be different for everyone who tries it. That means you need to think about which investments work for you and which you are likely to have most success with. If you do not understand how ETF’s work for example or find them boring, then invest elsewhere. Just because someone else says they are great does not matter. This is where your tolerance to risk also comes into play – if you simply do not like risk then stick to less stressful investments like bonds.
  • Think about what sectors may grow in 2019 – this is a tricky one as no-one can predict exactly where the markets will head. However, it is worth researching which sectors and investments the experts think may do well in 2019. By putting your money into those early, you could well ride the wave of any expected success. The Elderly Care Industry is one many think may rise in 2019 – with over two billion of the global population set to be over 60 by 2050, now may be the time to start investing.
  • Think outside the box – a great tip for successful investing in 2019 is to think outside the box. Rather than sticking to what you or everyone else did last year, why not think of alternative investments that could give great returns? Peer to Peer Lending is one such alternative investment you could try which also allows you to help people. Or why not follow global businessman and investor Evangelos Marinakis by putting money into a football club you support? Mr Marinakis has invested in both Olympiakos in Greece and Nottingham Forest in the UK as an alternative way of using his money.

Make 2019 your year to invest wisely If you have been thinking about investing your spare cash for a while, make 2019 the year you take the plunge. While you should remember not to use all your savings and only money you can afford to lose, it is entirely possible to get great returns from the right investments. By following the tips above, you will have a head start on how investing works and how to go about it.

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