I have been investing money in various areas ever since I retired and I seem to be quite good at it, well, so far at least. Thanks to the success which I have had, many of my family and friends ask me where I think the best place for them to invest their cash is. Now, this is a tricky question to answer because you can’t take risks with the money of others as you would do with your own cash. I thought then, that I would put together a short article, with my top 3 selections for where you should be looking to invest your money this year. The amount you invest of course is entirely up to you, and please don’t come knocking if it doesn’t work out, I am a fellow investor, not a professional.
Many people think that the cryptocurrency bubble has burst after the alarming success of the likes of Bitcoin in the last 12 months. I can honestly say that after reading extensively about this new form of currency, I honesty don’t believe that the bubble has burst and in fact, I would say it is only just starting. Thanks to the guys at brokerage firm Prescott Regency, I managed to get in before it all blew up, but it most certainly isn’t too late to get started now. Before you start investing in Etherium, Litecoin or Bitcoin, make sure that you have a full and complete knowledge about what it is and how it works. Get in now, and you could make some very strong profits.
For anyone who is just starting out in the investment game, I would always recommend that they look to real estate first. The reason behind this is that real estate offers a far more stable investment that the like of stocks and shares, futures, or any other kind of investment. When you own a property you can physically see your money in front of your eyes, you can rent properties out to keep the cash flow coming in, or you could see quickly for a profit, the choice is yours. Naturally you should have a solid understanding of the real estate market and the things that impact it, before you decide to buy your first property.
Angle investment is the investment into new startup businesses and if you are smart about this, you could make yourself a great deal of money in the long term. Young businesses require private investment in order for them to get off the ground and if you believe in them and you are convinced by their strategy, you could invest in them and take a small percentage of their company. I would recommend that you pick a start up business that operates in a sector which have worked in, or that you fully understand, before you start investing.