Gone are the days when you had to be a Tech Giant or a math wizard to be a millionaire. Your next-door neighbor Samantha is a multi-millionaire now, thanks to the crypto rush and reddit frenzy that is changing the whole money-making game quickly. But not everyone is as fortunate as the people who got rich in this Covid driven bonanza party. Are you one of those? Let us help you out with things that you could have or you probably should change in order to have a better wealthy living.
To be honest, life is all about decisions, and more over it, when are those decisions taken and implemented is what changes the whole game. We will be discussion few investment alternatives that should always be in your arsenal so that you never have to bow down to your biggest enemy ‘the ruthless life’.
- Equity/Stocks
Equity or stock markets is usually considered to be a dark world full of numbers and gamblers where normal people like me and you can’t be a part of. But on the contrary, the reality is totally different. The stock market have a variety of options for us like Large/Small Cap, Option& Futures, Margin Trading and much more which is not only easy to understand but also highly rewarding. Equity is still in today’s date considered to be one of the most rewarding asset class in the market. But you might not have that much risk taking capacity or you might not have the time to study the market, no worries, we got you. - Mutual Funds
Mutual funds is one of the less risky option with exposure to equity and many other asset classes. For somebody who does a 9-5 job/a salaried employee, mutual funds can probably be the best investment decision. Mutual funds are proven to give better returns if compared with the traditional ‘recurring deposits’ in banks. - Property/Land
If you are still a conventional investor who do not want to take much risk and is not ready to play with these highly volatile investment instruments then buying a property or land could be a good decision for you. Properties yield rental income and also appreciates over time. And nonetheless you can convert it into a home and start a family. - Crypto Currency
For those who are highly speculative and are ready to ride the highly volatile curves can put their money into crypto currencies. Currently, the prices of crypto currencies are almost at a 40-50% discount which could be a good opportunity to invest. If you have conviction over these currencies and think that they can bring the boom in your life, then you may consider investing here. - Gold/Metals
Yet another conventional investment option is Gold and other metals. Metals like Gold have been known to exist from the beginning of mankind and have very well rewarded those whole have held onto it. - Technology
With players like Elon Musk coming into the market, there are lot of ways you can invest in technology and make a better living out of it. For say, the Tesla solar panels. You can use then to support your home as well as to make money from it by giving back energy to the national power grid. - Social Media
Social media options like Youtube, Instagram, TikTok although no matter how cringey they sound but can help you make lots and lots of money. How about filming some of your cooking skills or maybe your singing talent, well there is no harm trying.
In a nutshell, in 21st century there is money almost everywhere. It is you who have to decide where you can make money from, and more importantly, what you want to pursue in life, what makes you happy is what ultimately matters.
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Disclaimer: Views expressed on MoneySymphony.com are just an expression of thoughts. To no extent we are or shall be held liable for any losses or conflicts. MoneySymphony.com suggests users take advice from certified experts before taking any actions or investment decisions. User actions may carry risks. All decisions remain the sole responsibility of the individual only.