It’s never an easy decision deciding what to invest your hard-earned cash in. While there may be plenty of apparently solid investments out there that will allow your money to grow, none offer cast iron guarantees of profits and virtually all carry at least a small of element of risk.
Of course, that element of risk is part of the thrill of investing for some people. If that sounds like you, you’ll chase the money through stocks and shares, foreign currency exchange and cryptocurrencies. For those who prefer to play it safe, investing in metals or real estate may provide the answer.
Whatever your preferences, here are five investments that could help you turn a profit.
Stocks and Shares
One of the most popular methods of investing out there, by purchasing stocks and shares in a company you are betting on its future success. Each share that you buy represents a small slice of a business that you own and as and when that business soars in popularity and value, you’ll be able to sell those stocks and shares for a profit. You just need to pick the right company to invest in.
The Bitcoin bubble may be bursting, but that doesn’t represent the end of cryptocurrencies. There are plenty of other cryptocurrencies out there that continue to rise and by finding the right cryptocurrency to invest in, you could be setting yourself up for an investment that pays in the thousands – at least. Of course, as we’ve seen with Bitcoin these investments can be extremely volatile and that does mean a huge element of risk, but get it right and you could be laughing all the way to the bank.
Foreign Currency Exchange
Forex is one of the riskier investments you can make but the rich rewards it can offer mean that many people are now keen to Learn Forex Trading. Essentially, it involves predicting the buying power of a currency against another currency and using that to your advantage to make a profit. Say for example there is an election or announcement coming from the European Central Bank that is set to strengthen the value of the Euro against the Dollar. Before the announcement, you buy Euro’s with Dollars and when the Euro rises, convert them back into Dollars for a profit.
People will always need somewhere to live and that makes an investment in real estate a relatively safe bet. There are plenty of approaches to making money through real estate but the two most popular involve purchasing properties and then renting them out to tenants or buying a dilapidated home, renovating it and then selling it on at a profit.
People have been investing in metals for years and it remains another safe investment. When other investments drop, the value of precious metals tends to soar which explains why it is considered a solid bet. That lack of risk does mean that the returns of minimal, but chances are that we will always be trading the likes of gold bullion so tying your money up in it will more than likely result in a successful return.