5 Different Ways to Invest your Money for 2020
*This post should not be taken as investment advice. It is offered as an alternative idea to consider, and you should always get expert advice before investing your money anywhere.*
When it comes to investing your money, you want to be as confident as possible that where you put your money will be likely to make you money and not lose you anything. We all know investments can be tricky, and there are no guarantees that you will indeed make money. But aside from your traditional stocks and shares, there are so many different ways you can invest your money for the long term in different markets that will, on the whole, hold their value.
But remember, investing your money is something that is not only deeply personal and different for everyone depending on their circumstances and investment amount, but also something you should be researching fully before you part with any cash.
So if you are looking for different ways to invest your money, then why not check out these ideas for a long or short term investment that could potentially earn more money in the future.
Stock Apps
Choosing to invest via using stock apps is an incredibly user-friendly option to traditional investing methods. If you want to avoid investing via overly complicated methods, then check out one of the many different free stock apps available to help you get a foot on the investment ladder with little to no prior knowledge or experience in investing.
Watches and Jewellery
Photo by Tommi Selander on Unsplash
We’re not talking your run of the mill jewellery you can buy for nominal amounts. When it comes to jewellery, you can be looking for high-end, exquisite pieces, that will indeed cost you a lot of money to purchase in the first place. Think unusual or large gems, especially diamonds. Brands such as Bulgari and Chanel hold their value at the very least with the potential to increase years down the line.
When it comes to watches, think Rolex or an Omega watch. Many styles have increased in value over the years due to the limited number produced and potential long waiting lists for certain designs. If you can’t afford to buy a brand new or you don’t want to wait, head over to Chronoexpert to purchase a pre-loved piece that you can add to your collection and treasure for years to come.
Property.
Property is always a good investment. Whether you are looking to buy your home as your investment or you are buying up property to rent or sell in the future, this method of investing has long proved popular over the years.
Sure, the markets may fluctuate with changes in the market, but if you can hold out for the long term, you can be sure to make money when do you look to sell and move on. If you have the money, then this could be one of the different ways to invest your money that could be perfect for you.
New Start-Ups.
Startups are a great way to invest if you are looking for different ways to invest your money. Doing your homework and finding the right company, one that you believe in could help you get back a great return on your investment.
However nothing is risk-free, and if you can stomach the long wait for the potential returns, it could be worth serious consideration for you. Check out this post on what to look for when you invest your money in a new start-up before taking the lunge. If you want to start small, then you can look at crowdfunding to invest a smaller amount and then take it from there to the future.
Art.
Photo by Martino Pietropoli on Unsplash
Art will continue to be a great investment in 2020. The value of art lies in the buyer, and as pieces become more popular and newer artists emerge in the industry, the chances to snap up an ideal investment piece are plentiful.
Again, doing your research is essential before purchasing to make sure you are buying something that will hold it’s valued and potentially increase in the future.
Peer to Peer Lending.
Similar to investing in startups, you are essentially giving your money to someone else. This could be for a new business, personal use or any other reason. Your money is pooled with other lenders – no banks are involved – and given directly to the applicant.
You then receive a monthly payment back with interest to repay what you have lent. The risk of peer to peer lending (P2P) is that potentially people are using this router as they have been declined via traditional lending avenues and could potentially default. However, you can weigh the risks before you lend them money to decide if it is worth it.
