The thought of having a passive income is really attractive to many people. This is an income that you do not have to work for. Normally people would set these up ready for retirement, so a pension is a passive income and you could also get them from other types of investments such as buy to let houses and managed funds. Having this sort of income when you are younger is great as well though as it can give you some additional money or may even allow you to work less.  There are many options for doing this and many people do choose to use a managed fund through a financial institution, buy a house and rent it out or other offline ways. However, doing it online could be an alternative way of doing it.

It is wise to start by understanding a bit more about investments. These are a risky undertaking and there is always a chance that you could lose the money that you pay in and potentially more as well. This means that you need to be very careful when you are investing. The more research you do the better as this will reduce the risk that you are taking. You also need to think about how much risk you are willing to take. If you are not willing to risk losing the money that you have invested then it is best to avoid investing altogether. However, most people are willing to take a small risk, with some happy with a higher one. Generally the chances of making a bigger return are higher if you take more risk, but so are the chances of losing your investment, so you have to decide how much risk you are willing to take.

You may worry that online investments will be more risky than offline ones. This may be the case, but you need to do lots of careful research in both cases. It is important to find out about the company offering the investment as well as the specific product and make sure that you read plenty of reviews from different sources. Some people would rather use a financial adviser so that they can be completely sure.

If you want to earn a decent weekly income then you will have to invest a lot of money. Some people may rather be more cautious and just invest a bit to start with and see how things go but that all very much depends again on how much risk you are willing to take. Even the best companies and best products do not always behave as predicted so it is wise to be cautious.

Online investing can have advantages in that there may be more options for than if you just stick to offline investments. However, there may be more scams out there as well and so you need to be wary. However, anything that you invest in should be carefully researched and so you should feel really confident in the investment and that you have done everything that you can to ensure that you have invested in the best possible place.