Whether you are putting some money away for rainy days, or are saving up for retirement or a holiday for a lifetime, you need to make sure you get the most return on your investment. Today, saving accounts don’t pay a reasonable interest, therefore, you might have to think outside of the box and look for opportunities that deliver more long term and short term. You will find a few high return investments explained below.

Unusual IRA Accounts


Image via Flickr

If you want to make the most out of your retirement income, you might want to look at unusual IRAs. Apart from gold, silver, and other commodities, you can now hold your money in cryptocurrencies. If this is something you might consider, check out the Bitcoin IRA reviews and find out more about the flexible features, benefits, and risks associated with this type of 401K plan.  

Index Funds 

Index funds are tied to the overall performance of the stock market instead of individual funds. Therefore, if the economy is doing well, your savings will go further. Your return on investment will not depend on the price of an individual stock, but you will still need to consult with a professional before you sign up for one of these accounts. If you want to make sure that your retirement income will be worth enough a few decades from now, this could be the perfect solution.

High-Yield Saving Accounts

There are high-yield saving accounts that you can also use. Some come with increased risks and lower guarantees and should only be used by people who know what they are doing. Government backed accounts are the best option for you, but there are plenty of types, so don’t be surprised if you get confused about which high-yield saving account to choose. Make sure the fund is secured by the FDIC, and look out for hidden annual fees.


Investing in coins can also be a great way of having some back-up funds for rainy days. You might need to learn more about the different coins and their current, future value. In the end, you can double or triple your money, depending on how rare your collection is and the market demand. Look for items that are hard to come by, and are verified by professionals.


If collecting stamps is one of your hobbies, you can easily build a collection by investing just a few hundred dollars each year. The more unique and rare the items are, the better your return on investment will be. To avoid losing money, you should focus on one particular era and type of stamps, and learn as much as you can about them, so you improve your chances of making money long term. For example, you can focus on one country, state, geographical area, or decade, instead of trying your hands on different types of stamps.

Stock Market

stock market

Image via Pixabay

In case you are good at statistics and analyzing graphs, you could also invest in the stock market. The main thing to remember is to diversify your stock market investments, so if one industry’s performance drops you can compensate the loss by the profits made on other accounts. Read books about creating a healthy and safe investment portfolio, and make sure you are comfortable with the level of risks you are taking. If you are not an expert, you can also get a stock market based investment plan and choose your risk level to make sure you are not losing money long term.

Become an Angel Investor

If you would like to help fellow entrepreneurs get their business off the ground while earning a residual income of your investment, you can also become an angel investor. You will, obviously, need to invest in your own business first, but if you have money left over, or want to add an extra source of income to your portfolio, you can help other business owners and start owning valuable stock in new innovative companies.

If you are looking for higher returns for your money, a simple company or personal saving account will not cut the deal. Get creative and start making money from your hobbies. Talk to a financial advisor about secure high-yield accounts that can provide you with long-term profits or a residual income to top up your retirement earnings. Before you choose your investment option, make sure that you research the risks and guarantees provided by the bank or financial broker.