Money is the source of our many of our worries. It’s the factor that dictates our life, from where we live to the way in which we live. If you have more income than your outgoings many individuals choose to invest their money in order to protect and grow our wealth. If you’re fortunate enough to have the funds to do this, what’s the best way to invest your money?
In order to find the answer to this question, Lottosend have conducted a survey of 1500 people across the UK asking what they believe to be the best method of investing money.
The results reveal that there is a clear means of investment that is seen to be more beneficial than the rest.
According to the survey data, the British pubic believe that property investment is the best way to invest money. 33.4% of the respondents agreed that property investment was the best way to secure your wealth. This was also the top response among males (29.7%) and females (33.5%).
Along with property investment, the top five responses also included tax free ISA allowance (32.7%), investing in stocks and shares (11.6%), investment trusts (8.2%) and asset investments (6.7%).
Property investment is one of the most popular and common forms of investment for people all over the world.
There are a whole host of benefits property investment can offer, if you are looking to use the investment to generate a financial return you can choose to rent the property to tenants, or alternatively you can buy the property to sell for a profit later down the line.
Although property was the top response in the survey, when looking into the demographics of the respondents there is a clear divide in opinion between people aged below and over 35.
In regards to the age groups under 35, 32.6% of 18 to 24 years olds a well as 32.8% of 25 to 34 year olds, both chose property investment. However, the top response amongst people aged 35 was the tax free ISA allowance as the best option for financial investment.
When looking at the various age groups, 34.9% of 35 to 44 year olds, 35.4% of 45 to 54 year olds, 42.1% of 55 to 64 year olds and 49.1% of people aged over 65 agreed that tax free ISA allowance
What do you think the best way to invest money is? Let us know your thoughts in the comments below or on Twitter at @Moneyhighstreet.