Instead of placing all of your disposable income into a long-term savings account, it’s well worth using some of your well earned disposable income to invest in your financial future. As the potential benefits of the 3 great investment opportunities listed below are far greater than the projected benefits of saving your income in a long-term savings account. Especially as in recent years, banks have begun to offer laughably low-interest rates of around 2%.
The Best Investments of 2018 Revealed:
If you’re looking to invest a small proportion of your disposable income into lucrative investment opportunities which boast uncommonly high projected return on investments, you may be interested in investing in cryptocurrencies, which are also known as digital currencies.
Apart from their projected high ROI rates, why are cryptocurrencies such a great investment? Digital currencies meet a growing demand from international consumers to be able to have greater control over their funds, without having their financial information shared with government organizations or banks.
Another reason why digital currencies are projected to continue to increase in share price is that they can be used in a wide variety of countries, whereas most currencies are limited to use in a small number of countries. Which makes cryptocurrencies, a popular choice for consumers in an increasingly global society.
2. Property investment
Regardless of the current property market, investing in property remains one of the wisest ways to invest your money. If you’re interested there are two different investment strategies which you may want to implement, you may choose to purchase inexpensive properties which you plan to renovate and sell for a quick profit. Or you may be more keen to purchase property which you plan to hold on to for the foreseeable future, in the hopes of one day selling your property for a significant profit.
If you choose the latter option, of holding on to your investment properties, you may want to consider renting your property out in the meantime, in order to bring in a decent amount of passive income.
3. Gold and silver
If you don’t want to commit to investing hundreds of thousands of dollars into a property and would prefer to invest in tangible items rather than theoretical items such as cryptocurrencies you may want to consider investing a portion of your disposable income into purchasing gold and silver stocks. As both gold and silver are non-renewable resources which will only increase in value in the long term and are a relatively safe investment option which you can trust in.
As both gold and silver share prices fluctuate slightly but remain on the rise in the long term, it’s well worth watching gold and silver share prices over a month to learn how to identify when it’s the best time to invest your hard earned money in purchasing gold and silver stocks. As ideally, you want to purchase your gold and silver stocks when their share price is as low as possible!
So if you’ve made the brave decision to try and invest some of your disposable income, in the hopes of making a reasonable return on investment, it’s definitely well worth investing in all 3 of the lucrative investment opportunities listed above!
To learn the top tips on Penny Stock Investments from 60Degree, click here.