When it comes to making money, there are a lot of options. You can work a day job, start your own business, or invest your money in different ways. If you’re looking for some investment ideas, we’ve got you covered.
We are not financial experts or investment experts, but having done some research recently, these are just some of the options on the market should you wish to look at investments. As always, we’d recommend you do your own research and due diligence before making any investments with your own money.
1. A High yielding Stocks account:
A high-yield savings account is a great place to start for any investor. It won’t offer the highest returns, but it does provide some growth with minimal risk. Plus, these accounts typically have FDIC insurance which makes them even safer.
2. Stocks:
The stock market can be intimidating, but if you understand how it works and is willing to take on risks, then stocks may be one of the best investments available right now. In particular, blue-chip stocks tend to pay out dividends that can easily generate money over time.
3. ETFs (Exchange Traded Funds):
Exchange-traded funds are a great way to diversify your portfolio without having to buy multiple different stocks or bonds. ETFs track an index or a basket of stocks and bonds which can provide you with a well-rounded portfolio.
4. Mutual Funds:
Mutual funds are an excellent option for those who don’t want to actively manage their investments. These funds are professionally managed and offer the diversification, which reduces risk while still providing potential returns.
5. Real Estate Investing:
Real estate investing is becoming more popular every day. There are multiple ways to get involved in real estate, from buying rental properties to flipping houses. It’s important to note that there is always some level of risk associated with real estate investing, so make sure you do your research first!
6. Cryptocurrency:
Cryptocurrencies are digital currencies that are created, transferred, and managed through advanced encryption techniques. They offer some advantages, such as low transaction costs and greater privacy compared to traditional currencies. However, they also come with a high level of risk as prices can be very volatile.
7. Fixed-Income Investments:
Fixed-income investments include bonds and other debt instruments that provide regular income in the form of interest payments. These investments usually have lower returns than stocks or real estate, but they offer more stability and are less risky.
8. Commodities:
Commodity investing offers a great way to diversify your portfolio. It involves buying raw materials such as oil, natural gas, gold, or silver, with the goal of profiting from price changes in these commodities over time. However, this type of investing comes with high risks.
9. Your future self:
If you’re looking for the best investment to make right now, investing in yourself is a great option. This can include things like getting an education, developing a skill set, or taking on new challenges that can help your career and long-term financial goals. Develop your CV and LinkedIn profile, attend networking events and webinars – invest in yourself to find success.
10. Jewellery:
Investing in jewellery can be a great way to diversify your portfolio and earn returns on your money. Jewellery is typically less volatile than stocks or commodities, but it also offers potential capital appreciation over time.
Buy jewellery that won’t depreciate in value; the value of Cartier jewellery constantly increases over time. Plus, investing in jewellery also gives you something tangible that you can show off.
No matter your age or income, there are plenty of investments out there that can help you make the most of your money. Before investing, be sure to do your own research and understand the risks involved with each type of investment. With a little bit of knowledge and some patience, you will surely find the best investment options for you.
Got Something to Add?
Share your investment tips with us in the comments below.
Until next time, thanks for reading.
Helen, Nial, Lewis and Mason.
Welcome to Pikalily, an award-winning food, travel and lifestyle blog. We are Nial and Helen, a happily married couple from Northern Ireland, who share a passion for food and travel among many things. We became parents to our beautiful boy Lewis in 2017. Follow our adventures through the blog.
