Do you have money parked in a bank account making little or negative return?
Are you invested in vehicles that your fund is exposed to risk without protection?
Example, Stock value drops and your savings are directly reduced.
Okay, if you say yes to either question, you are likely invested in GIC and/or Mutual Funds. Have you looked outside of what banks offer? Or, have you looked at what banks themselves actually invest in? In Canada, Banks are extremely conservative and risk averse when they invest their funds. And what do we see them investing in everyday - Mortgages.
Banks lend out money to home buyers, developers, investors and charge a generous interest rate anywhere from 3% to 12%. Wait, let's take a step back,and ask the question, where did the banks' money come from - GIC depositors from people like you and I. So banks give us very little interest for our deposit money, turn around and charge other people 3% to 12% interest on our money. Apparently, lending is very profitable industry as all banks' quarterly financial report big dividends.
The benefits of becoming a Private Mortgage lender are --
*Receive more than average return
*Steady cash-flow income stream
*Secure your money with real asset
*Protect your money using other people's Equity
*In some cases, acquire real assets at severe discount
If you are serious about making a change and learning more about investing, I have included a free E-Book that outlines what sophisticated private lenders look for when they invest their money. These secrets are never revealed by banks, because if you learn about it, you will not invest in what banks tell you, but invest like them.