There are so many assets to trade and invest in right now that the choice can be overwhelming. In this article, we’ll help you find out which ones are right for you.
So you have some cash in hand and you’ve made the decision to trade or invest in something. That’s a great idea! Investing wisely and growing progressively your net worth is the only way to wealth and financial independance. The good news is that there are a lot of options out there so let’s divide them in two categories:
- Old-School Style
This is where you will find investments that have a very good track record over time and that are considered safe and stable. This includes Gold & Silver, Real Estate, Stocks or Bonds.
- Modern & Exciting
These are the assets that still remain relatively unknown to the masses but which can be very profitable if you know what you’re doing. Cryptocurrencies and websites are definitely amongst the main ones here. Lithium has also been very popular the last few years.
This is definitely not an exhaustive list and there are definitely way more assets than the ones that we presented here. You could trave the Forex market, invest in Solar Energy or in 3D printing technology. Just take the time to research and explore all the different possibilites that are offered to you.
Diversify Your Portfolio
We can never stress this enough. The best way to accumulate assets and minimize the risks at the same time is by diversifying your portfolio. Having income generating assets like real estate or websites is crucial because it raises your monthly cashflow while growing your net worth at the same time. We know that property prices usually increase at the rate of inflation and if you know how to develop websites, maximize and increase its revenue streams, it’ll be worth more as well in the future. At the same time, throwing something in there like Bitcoin or another cryptocurrency is a bet that can be extremely rewarding. If you would have bought Bitcoin in December 2011, you would have paid around $0.30 for 1 BTC. In December 2017, 6 years later, Bitcoin reach almost $20,000. So should you have bought $100 worth of bitcoins at that time, you could have sold them for $6.6 million a few months ago. However, the cryptocurrency market is quite volatile so you could balance that by getting a bit of Gold which has proven to be a very stable asset and a hedge against hyperinflation for thousands of years.
Investing or trading something that you are interested in and know a lot about should be a big part of your decision. We believe that if you are interested in a certain asset, you will not only feel more confident to invest in it financially but also actively follow the latest news and developments that are related to it and the industries which surround it. Therefore, you will become more knowledgeable about the assets that you’re planningt to invest in and the more you know about something, the better you understand the way it works and are able to make better decisions. So take the time to research all the different asset types out there that you are passionate about. These are probably the ones you should put your money into.