The answer to that question depends on what one means by fast.
Let's just compare it to your average 9 to 5 job. Then, by that
yard stick the answer is yes. Comparing the question to the
lottery, the answer becomes not quite that fast.
That does bring up an interesting point, however. What are your
chances of winning the lottery?
Generally, they are about 1: 13 million. Not really good. What
are your chances of making substantial money by investing on the
internet? The answer to that question is "fairly" good.
Now, I can already hear some of you whining about "fairly" not
being good enough. Well, have you ever heard that the riskier an
investment is the higher the return? That's right. And I want to
take this time to emphasize that no investment is 100% sure.
Look at the people that play the stock market.
They make and lose money all the time. In 2002, I lost $32,000
on tech stocks and they weren't the dotcoms, either.
So, where am I going with all of this? First, to invest on the
internet you need to have the proper mindset. You have to
realize that you will lose some and win many more. The losses
that you may incur can be offset by huge gains. That in itself
should perk you up.
Playing to Win
Like anything else, investing on the internet takes some
research. There are methods that will insure that most of what
you invest will indeed earn interest and come back to you. That
last clause is important, because you can put your money in
places and at times where your money will not come back to you.
Knowing who, what, where, and when are the main questions you
need to ask when considering an investment.
Asking Who When you ask who what you are really asking is have
I heard of this company before. Do they have a good or a bad
reputation on paying. In other words, do the pay on time when an
investment matures. Has anyone that you know recommended this
company? Is there any information on the web about this company?
Also, just because an investment states that it is associated
with a certain well-known bank or group of banks doesn't mean
that it is. Pick up the phone and give them a call. I recently
lost money to a group that claimed to be associated with
Dredsner Bank in Switzerland. It wasn't so.
Asking What What is an important question as well. You want to
know what is the term of the investment? What is the rate they
are promising? Is it guaranteed or an average? What sort of
funds do you have to supply to fund an account. By this I mean
do they require you to use Stormpay, IntGold, E-Gold, E-Bullion
or bank wire? This is important to know before you sign up
because in some cases if you do not have a credit/debit card you
may not be able to deposit funds any other way but bank wire.
The trouble with bankwires is that the investment company may
require you to send a very substantial amount if you use the
bankwire method. Many require $1,000 or more.
Asking Where Where the company is located (if you can find out)
makes it more of a sure thing. That generally means they are
being upfront with their investors. Another thing to know is if
they are considered an offshore company. That can offer a
significant tax advantage to you if you can leave your money
deposited for a time before bringing some of it back into your
home country. Notice, I said some. No use paying taxes on it all
if not required.
Asking When This may be the most important question to ask of
all. With investments on the internet, longevity may not be what
you want to see. In fact, the early birds generally do well and
the late comers or the ones that get greedy and stay late are
the ones that are often burned. Therefore, belonging to a
mailing list that alerts you to new opportunities may be one way
you can thwart the short life of many online investments.
In closing, I can state that I have made good money investing
on the internet and some lessons were hard won. Still, I like
high yield investments because they bring in money the fastest.
Learn your way around or find someone that can advise you and
you can become wealthy. Just like riding a bike, it was hard at
first, but now you know you can do it anytime you want. Learn
the market and you will soon feel comfortable making fast gains
and risking the least as you go.
About the author:
Jeff W. Griffin is an author and researcher for over 25 years.
Retiring soon from being an airline pilot he has pursued the
best opportunities on the internet including running his own
businesses and investing there as well. Jeff can be contacted by
visiting:
http://www.ClassicInternetStrategies.com
