Return on Investment
A return on your investment is essentially categorized as the difference between the cost of your investment, and the profit that you have received. Return on Investment or ROI is calculated differently for various kinds of investments, as they all give you different kinds of returns. A low risk investment, for example a GIC, will not give you much difference in your amount, thus it is a low risk investment.
What Investments Yield the Highest Returns?
Depending on who you ask, you will always receive different answers to this question. Everyone feels like they know exactly what is going on. A broker will always tell you to invest in stocks and bonds, a real estate manager will tell you that the best option is naturally, real estate. However, it is up to you to realize what you actually should invest in for the highest ROI that you can get.
Listed below are some of the investments which yield the highest ROI:
Stocks and Shares
Long term Investments, such as an RRSP
Precious Items, such as jewelry
However, nothing can beat plain old savings. From the day you start earning, start saving. Save as much as you can by opening a cash account, by which you will also be getting an interest in your account at a stipulated time. This will, in the end, give you the highest ROI that you could have possibly imagined. You could be debt free with multiple savings.