Did you know that you can amass more money for your retirement than you think? If you are able to put away 8,000 or even 10,000 dollars a year, you can save almost 1 million dollars for your retirement. It will come down to your annual growth rate and for how many years you put money aside.
Have you invested in the past? Did you get the results you wanted? Even if you didn’t, it doesn’t mean that you shouldn’t invest to grow your wealth.
Finding the right investments isn’t easy. The everchanging markets and financial climate may complicate your investment strategy if you don’t keep up with it. Don’t know what to invest in 2019?
We’ve got you covered. We’ll tell you all about how to invest to make money and what investments are a must in your 2019 financial plan. Read on to learn how to skyrocket your wealth in no time.
What to Invest in When You Want to Grow Your Wealth in 2019
You may think people go overboard when they say investing is their secret to amassing so much wealth. But, they aren’t kidding when they say you can grow your wealth and earn a steady income from your investments. You may be asking yourself how to invest to make money.
It may sound like rocket science to you but, anyone can invest and make money in today’s market. The key is to make the right investments. Not all industries or investments are alike.
The first step is setting your investment goals. Do you want to save for retirement or your children college tuition? You might want to grow your wealth to open the business you have been dreaming about.
The investments you make must align with your goals. After you set your investment goals, it’s essential to research the type of investments that fit your plan and budget. During your research, it’s recommended that you learn about the current investment trends.
Investing isn’t for the faint-hearted. The markets can play tricks on us. You must know everything about the current and prospective investment trends.
Believe it or not, these trends can change every year. It’s recommended that you regroup each year and develop a yearly investment plan according to the market conditions. Also, you should consider your investment goals when developing your financial plan.
You should adjust it every year in accordance with your financial situation. Life changes such as a new employment, changes in your salary, and household can influence your financial planning. There isn’t a perfect formula you should follow but, you must take into consideration the investment trends and choose the investments that fit your financial goals.
Here are 5 top investments you should make in 2019.
Even if it isn’t your first rodeo at investing, you must’ve heard about stocks before. The value of your stocks depends on the company quarterly reports, economy, market’s reaction, and trading activity. Yes, these factors may be out of your control.
But, your research and keeping up with the relevant economic and political news will help you gauge potential shifts in your investment value. A good starting point is researching promising industries and companies. An example is how experts are recommending investing in artificial intelligence stocks.
You may be hesitant to invest in industries you don’t know. But, you shouldn’t shut down great opportunities.
Before investing, you should learn as much as you can about the stocks you are investing in. Believe it or not, you can get rich by investing in stocks if you implement the right investment plan.
2. Real Estate
Maybe someone offered you an investment opportunity during the real estate bubble and didn’t bet on it. You may think it’s too late to make this type of investment. Yet, that’s far from the truth.
There isn’t a better time than today to get into real estate investing. You may consider investing in a rent ready property or start from scratch by buying a lot. If you decide on the latter, you may consider building a property without using the traditional multi-home or single home route.
Have you heard about building homes out of shipping containers? If not, you should look into it today. There are many reasons why you should invest in a conex box to build your real estate empire.
Building your rentals using containers can be more cost-effective than building a traditional property. Also, the portability provides an added value.
If you decide to buy another lot, you may be able to move your fit to live in shipping container to your new property. It would minimize your risk of losing your income stream and investment.
Exchange Traded Funds (ETFs) are funds that track a stock, index, bonds, commodity or package of assets. These funds own underlying shares in the industry, company stock, bonds, commodity or assets it tracks.
The fund divides the value of the owned assets into shares. You should consider investing in ETFs from hot industries such as green energy, technology, elderly care, and others.
If you want to invest in real estate without all the risk-taking, you should consider investing in real estate investment trusts (REIT). When you invest in REITs, you are buying shares in a company that owns or finances properties that produce income.
Experts consider these investments highly liquid due to the underlying assets. An advantage of these investments is that they trade in major markets. Like ETFs, you can buy REITs in different sectors such as healthcare, offices, among others.
5. Index Funds
Index funds are mutual funds that own assets that track or match of a market index such as the S&P500. These investments are notorious for their stability.
These funds keep operational costs low while providing a broad market exposure. Experts say these investments are ideal for retirement accounts.
There isn’t a set formula to know what to invest in. But, it’s recommended that you conduct a thorough research before investing your money. You should aim to find a balance between your investments and financial goals.
Don’t fall into the trap of investing too much on a certain investment. If you are unsure about the right approach, you should consult a financial planner to learn more about your options.
Want to get started in real estate investing today? Check out our guide to start making money today.