Smart Money: "How to" investment sites

PUBLISHED : Monday, 07 January, 2013, 12:00am
UPDATED : Monday, 07 January, 2013, 4:31am

"How to" investment sites

Unlike many sites, investmentu reveals to readers its performance report card in 2012. It explains where it went right and wrong and how you can avoid the same mistakes. For 2013, the site presents practical strategies for investing. It emphasises the importance of living well below your means and allocating a substantial amount of your time to building wealth.

Not all of us can be successful day traders. This site offers tips on how to make money from home by turning your hobby, profession or skill into a business. The site suggests, for example, that home-based entrepreneurs try tutoring, blogging, consulting, surveying or becoming a retail chain partner. Gone are the days when you needed to attend or lease an office to start your own business.

The 55 and older age group is especially vulnerable to poor saving and investment planning because there is little room for error as retirement draws near.

The site offers cautionary advice on avoiding major pitfalls such as investment fraud and living well on less. It offers mid-career people ways to earn more by starting a side business. It also offers ideas for a second career.