You’re finally ready to invest some money; however, you don’t have a clue what to invest it in. Don’t worry, this is a common issue of the 21st century when we have so many different options that we can easily get overwhelmed and thus become incapable of making a sound choice.
For that reason, we’ve decided to help you out a bit and prepare the ultimate guide on the best investments to make in 2018. Let’s take a look, and good luck!
Yes, you heard it right – investing in gold is definitely not a thing of the past. Surprised? Well, the reasons are quite simple. First of all, gold does not lose value over time, unlike currencies which can fall and thus even lead to inflation.
In other words, while the U.S. dollar is declining, the value of gold is constantly increasing, and it has more than tripled its worth over the last twenty years.
In addition to that, various researches, like the one conducted by Trinity College, have shown that investing in gold is a wise decision since it’s a great hedge against a potential stock market crash.
Basically, gold seems like the most secure option in today’s shaky economy. Finally, gold is a popular choice as a direct investment as well since it has many industrial uses.
You’re probably all familiar with the term cryptocurrency, but just in case, we’ll provide you with a short explanation. This is digital currency that is created through cryptography, that is, an advanced encryption technique, and Bitcoin is the most advanced one, created in 2009.
Since that time its value has been constantly changing and has reached an all-time high of $19,783 on December 17th in 2017. Having this in mind, investing in Bitcoin and alternative cryptocurrencies like MintChip, Ripple and Litecoin seems to have a solid future.
However, you should understand that the outcome is never certain – you can either become a millionaire or lose everything in just a second. Sound confusing? Well, the reason is simple – such currencies are not supervised by anyone and there is no limit on its issuance.
This basically means that there is no support mechanism and its value is totally dependent on investors and what they’re ready to pay for it at a certain moment.
All in all, cryptocurrencies definitely fall under the category of best investments in 2018, but at the same time, you should be aware of their instability.
- Must Read | The Beginners Guide to Investing – 3 Smart Tips
#3. Real Estate
In comparison to cryptocurrencies, real estate has a long and much more stable history of investments.
However, before you decide to invest in a property, you have to get well-informed on the location, as well as to find out about its prospects for the near future.
In other words, just because some location is currently popular, it doesn’t mean that it will stay that way for the next 10 or 20 years. So, instead of focusing solely on the present, try to find the areas that are predicted to have a long-term capital growth.
For example, Brisbane and the western suburbs of Sydney have a promising future since many new amenities will be built there in the next two to three years including a new train line which is expected to be finished by 2019.
Additionally, if you want to make sure that you’re striking the best deal, we advise you to find a buyers agent from Sydney who will work in your interest and help you make the desired profit.
#4. Penny Stocks
In case you haven’t encountered this term before, penny stocks represent shares of small public companies.
This type of investment has been discussed a lot in various financial magazines and there are those who would definitely advise you to stay away from such investments because the market is too risky and you can even fall victim to various frauds.
However, we don’t buy it. Have you ever heard that somebody became a millionaire without taking certain risks? Well, we haven’t. So, instead of just letting all the best opportunities pass you by, roll up your sleeves and get down to business.
First of all, you have to find the right information about a certain company that you’re interested in since, if you do your job of getting well-informed properly, you’ll significantly reduce the risk of making the wrong investment and losing your money.
Finally, no one can guarantee you that you’ll be as lucky as Timothy Sykes who got rich by investing in penny stocks, but we certainly advise you to give it a try. Sometimes a bit of luck is all you need.
As you can see, there are quite a few interesting choices when it comes to the investments you should make in 2018. And even though it’s true that each of these ideas has certain flaws and can be subject to scrutiny, you have to realize that in order to be successful and become rich, you have to be a risk-taker and not be afraid to make a move when an opportunity appears.
Of course, keep in mind that the more prepared and well-informed you are, the greater your chances of success.