For those with extra cash on their hands, it’s best to invest it before spending it on nonsensical purchases. Of course, research and analysis is needed first to make the best investment possible for one’s risk tolerance and goals. Potential investors should act as quickly as possible. Below are the three best ways to invest in 2018.
The Stock Market
Even though investing in the stock market is an obvious choice, it’s worth mentioning because many people are still skeptical about getting involved in the market. Some even think that there are too many people involved in stocks, so it’s too late for them to get a piece of the pie.
However, a really good strategy is to invest small amounts of money over a specific timeframe into the stock market. Basically, when the market is hot, as it is right now, an investor buys less shares, and when no one is buying, they buy more shares. This keeps things even and makes a high return more likely.
Peer-to-Peer Lending Services
Being a loan provider used to be an investment medium reserved for banks. Today, there are many investment platforms that make providing a loan possible for the individual investor.
On the most popular platforms, returns are usually around six percent, but could be even higher.
Another strength of this strategy is that some investments require as little as twenty-five dollars therefore, someone who is considering this option can test the waters with little risk before diving in.
While real estate investing is not for everyone, there are still big returns to be made in the real estate market. Nowadays, there are other real estate mediums besides becoming a landlord. For example, someone could invest in real estate notes. In this scenario, the investor funds someone else’s real estate investment, and gets paid a dividend or interest on their investment. There’s also turnkey rentals, where an investor puts up the money, but someone else manages the property and tenants.
In 2018, those looking to invest should use a combination of traditional and new-age strategies.
For example, real estate and the stock market are still profitable investments. At the same time, there’s now peer-to-peer lending services that provide a new avenue of revenue.