When someone tells you that it’s time to invest some of your hard-earned cash, you might automatically assume that it’s time to browse the stock market. But investing in stocks isn’t your only option. Not by a long shot. There are tons of investment opportunities available in 2019, some that are even more lucrative than stock market investment.
Invest in Real Estate
Investing in real estate is the ultimate tangible investment, no matter where you are in the world. Many people choose to invest in houses, apartments, condos, and commercial buildings because the investment is right there in front of their eyes. But that is definitely not the only perk of investing in real estate.
Real Estate is a Real Asset
Real estate is a real asset that will always have value, no matter what. Purchasing a property isn’t like taking a risk at playojo.net or another online casino; it’s basically a sure thing that the property will at least keep its original value. But it is more likely that the property will go up in value, especially if you make the purchase at the right time.
Even if you make a property purchase in an area that ends up going downhill, your property will always hold some value. If you do your research and the real estate market value goes up, you could end up doubling, tripling, or quadrupling your investment in a short amount of time.
Real Estate Has the Potential to Earn Income
Another perk of investing in real estate is that it offers the potential to earn an income. In today’s booming vacation rental market, there’s a good chance you can turn a quick profit with short term rentals. Long term rentals are another great choice, and this requires way less effort than renting out to vacation guests.
Real Estate is a Smart Tax Investment
Investing in real estate doesn’t just provide the potential for an income, but it also serves as a potential tax write-off. Depending on the nature of the real estate you have invested in, you might be looking out some favorable tax write-offs relating to depreciation and capital gains.
Invest in Collectible Items
If investing in real estate isn’t for you, there are other options. One of these options is to start investing in collectible items. No, we’re not referring to outdated coins or stamps. Instead, we’re talking about more profitable collectibles, like valuable artwork and antiques. Maybe you don’t see the value in investing in collectibles, but it is actually a lot like investing in penny stocks.
Penny stocks don’t always pay off, but when they do, they tend to pay off big. The same goes for collectibles. You’re not always going to experience a major return, but the chance is definitely there. In order to up these chances, you need to know exactly what you’re dealing with before making an investment. Many investors choose to invest their money in collectibles as a hobby rather than a necessity.
Invest in Precious Metals
Investing in precious metals is a bit of a controversial topic. This is especially true when it comes to investing in gold. Some people stand by their belief that investment in precious metals is wise, while others aren’t so sure. But the truth is this: it’s all about keeping track of the value of the USD.
The value of precious metals is directly correlated to the inflation and deflation of the dollar. When the dollar is weak, the value of precious metals goes up. When the dollar strengthens, the value is likely to go down. The main issue is relating to precious metal investment is that knowing the exact future state of the dollar is impossible. The nice thing about this investment is that it is 100% tangible, similar to real estate.
Invest in Fine Wine
Perhaps you love to drink fine wine, but have you ever considered investing in it? When you think about it, investing in wine is actually one of the smartest things you can do. This is one of the only consumable items that increases in value over time, rather than down. Recent research is showing that you can increase your investment into a vintage bottle of wine by 15% per year.
However, it is important to understand that not just anyone should go about buying expensive bottles of wine for investment reasons. You need to have a wide knowledge of wine, like how it is created, but more importantly, how to properly store it. Storing it in the wrong conditions can mean you lose money instead of earning it.
Invest in Small Businesses
Not everyone is cut out for owning and operating a business. Not only is this a risky venture, but it takes a great deal of hard work and determination. If you’re not up for starting your own company, there is another option – invest in someone else’s business.
There are so many small business owners out there that are in need of silent partners. A silent partner is basically someone that invests in the company but doesn’t actually have to do anything. In exchange for the investment, a silent partner receives a certain percentage of the company’s profits.
Invest in Yourself
Try not to forget about the most important investment opportunity of all… yourself! Invest in education, career counseling, or certifications that will help to further your career. Sure, it’s great to invest in real estate property and fine wines. But one of the best ways to spend money is by improving your own personal value.