If you find it difficult to invest in individual stocks, then you can buy globally diversified, low-cost index funds for a safer investment, but lower returns.
2019 is shaping up to be a blink-and-you’ll-miss-it sort of year, where before anyone would even start getting their bearings right, a new year will soon be upon us. There’s still a lot of time to consider what you want to do, though, one of those things involves planning your investment portfolio. Maybe 2020 will be the year you can finally start investing your money, where you’ve finally saved up a lot of cash, but the high-interest bank account you’ve put them into isn’t going to cut it anymore.
No need to worry, we’ll point you in the right direction with the best places to put your investments in for 2020.
If you’re in it for the long haul, then putting your investments in the stock market is a good place to start. With 2018 providing a good foundation, the stock market is said to start correcting itself by late 2019 or at the beginning of 2020. If you find it difficult to invest in individual stocks, then you can buy globally diversified, low-cost index funds for a safer investment, but lower returns. Investing in stocks can save you a lot of tax money as well, which can be helpful in the long-term.
Another profitable place to invest your hard-earned money is through oil and gas. Despite the surge in popularity of green energy, there’s still plenty of money to be had in oil investing. This particular industry is worth hundreds of billions of dollars per year, making it a safe bet for investment in the years to come. Much like investing in the stock market, you’ll also get a good variety of tax benefits.
3. Real Estate
Though a lot of experts believe that the real estate market is in a bubble that’s going to burst sooner or later, many real estate investors are still optimistic about it. A lot of investors who buy rental property believes that even if the market crashes, people are still going to look for places to live. If you’re still apprehensive about investing in real estate, then a good alternative to buying physical property is to simply invest in real estate investment trusts. These trusts offer you all the advantages of getting into the real estate market without dealing with the issues of actually owning land.
Another decent place to invest in is through peer-to-peer lending, where you lend money to someone like a bank does, and you get a good amount of profits through the interest. Technology has made this form of investing easier with the development of online platforms that do the dirty work for you, so you don’t have to worry about people running from their debts.
Figuring out where to invest your money to set yourself up for a secure future is a real challenge. There’s really no shortage of information online, but it can be a bit overwhelming for the uninitiated. But if you play your cards right, and do your fair share of research, then a secure future isn’t too hard to save up for.
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