We’re already three months into 2018 so there’s no better time to plan out the rest of the year than now.
Part of your planning must include your investment strategies for the year as well. Have you thought about what investments you will make for 2018?
If you’re unsure of what your investment strategy will be, here are the best investments you can make in 2018:
Even if you haven’t invested in cryptocurrencies yet, you’ve no doubt at least heard about them in the news. Even though the market is volatile, blockchain technology is most likely here to stay. 2017 was the year where cryptocurrencies became noticed, and many believe 2018 is the year where they will become accepted.
The market has been down for most of 2018 in comparison to late last year, which means it might be a perfect time to invest before a bull run resumes later this year.
One of the most common pieces of investment advice is to invest in the stock market, but if you can only commit a smaller initial investment instead, then penny stocks may be preferable to you.
The advantage to trading penny stocks over larger stocks is you can still accumulate lots of shares with only a minimal amount of money. A $100 investment will earn you four hundred shares of a stock priced at $0.25, for instance.
Another common piece of investment advice is to invest in real estate, and with home prices rising in 2018 it’s not something you can overlook.
If investing in real estate seems intimidating to you, an easier option may be to join a real estate investment group. A real estate investment group is essentially a mutual fund for rental properties.
What this means is if you want to own rental property but don’t want the responsibilities of being a land lord, you can join a real estate investment group instead. An investment company will buy a set of rental properties and then allow investors to purchase them.
This means that you can own one or more rental properties through the company, but the company will handle the process of maintenance and tenant issues and so on. In exchange, you’ll just have to pay the company a specified percentage of the monthly rent.
Who says you can only make investments in commodities or stocks? Why not invest in yourself instead? In fact, investing in yourself can be one of the most positive and life-changing decisions you ever make.
Examples of ways you can invest in yourself include committing to personal development, attending workshops and seminars, hiring a life coach, raising your personal standards, setting short term and long term goals, reading books, practicing your social skills, and making healthier eating and exercise choices.
The Best Investments You Can Make In 2018
You must be careful and shrewd about the investments you choose to make, but the ones listed out might turn out to be the most profitable for you.