There’s never been a better time to start making investments. However much or little money you’re prepared to invest, there are countless opportunities available. Some can be more rewarding than others, and with all of them there’s an element of risk. But, you’re not going to benefit unless you take the first step and spend some money.

Making an investment is similar to when you play casino games or even buy a game’s bonus round. Just like at the tables or slot machines, you’re weighing the odds, taking a calculated risk, and hoping for a favorable outcome. The thrill of uncertainty, the strategy behind choosing your move, and the anticipation of a win — it all closely mirrors the experience of putting money into stocks, crypto, or startups. Both worlds require courage, timing, and a bit of luck. If you’re ready to take a risk and set aside some money for investments, here are some ideas for you.

Stocks

Many people looking to make investments consider spending their money on stocks. This is a common option that can be rewarding if you’re lucky and know what you’re doing. Just like any other option, it also has the potential to not give you a return on your investment. This is why it’s important that you educate yourself on the basics before getting started. 

You could invest in a currently existing company that you think is going to fare well in years to come. Or you could choose a start-up that’s offering the market something new that’s sure to be a success. When it comes to deciding what to invest in, there’s a wealth of articles online offering tips and advice, along with predictions of what companies will experience growth. 

If you’re choosing an established company, go for one that has a good track record. Every company experiences downturns in value at some point; you should go for one whose value increases most of the time. If you’re looking at newer companies, you should find some similar ones that have been in operation for a while and see how they have performed.

Passive Income Projects

You don’t just have to invest your money in stocks. Instead, you could set aside some funds to establish some sort of passive income stream. First of all, you should research different ways of earning passive income online and pick something that appeals to you. Whatever you choose, it should be something you can see yourself enjoying working on, and something that has a reasonable chance of being successful.

Some examples include self-publishing e-books, selling digital designs over the internet, setting up a YouTube channel, creating an app, and developing an online course. While it’s possible to set up a revenue stream with little or even no money, injecting some cash into the venture will give it a better chance of yielding a profit.

Cryptocurrency

Something else you might want to consider investing in is cryptocurrency. There are thousands of different cryptocurrencies you can buy, including well-known ones such as Bitcoin, Litecoin, Tether, and Ethereum to name a few. What’s good about investing in crypto is that there’s the potential for high returns. Some people have made a profit in a short amount of time, while others have made significant amounts of money by buying crypto and selling it months or even years later.

However, crypto can be highly volatile, so investing in it can be quite risky. While it is possible to make money, it’s also common for people to buy crypto that ends up becoming worth a lot less than when they bought it. All sorts of factors can affect the value of cryptocurrency, and prices can experience sudden rises or falls without warning. 

NFTs

NFTs (non-fungible tokens) are similar to cryptocurrency in the way they work. A key difference between the two is that NFTs involve ownership in something. It could be a digital asset of some kind (a piece of artwork someone’s created, for example) or it could be physical, e.g. a collection of magazines. 

Naturally, you should only invest in NFTs if you have a thorough understanding of how they work. This is because while they have some advantages, there are also some disadvantages and other points you should be aware of. Set aside some time to look more closely into these and if they appeal to you, consider investing in a type of NFT that appeals to you. Also, whatever you choose should have a reasonable chance of gaining value. There’s no point spending money on something that isn’t likely to give you a return on your investment. 

ETFs

An ETF is an exchange-traded fund, which is a collection of investments that are packaged together in a single fund. They come in many types, but they have the same general aim: to give someone exposure to a particular market or help them track certain indexes such as the FTSE 100 Index. If you invest in an ETF that tracks an index, you’re essentially investing in every company on the index; this is a convenient alternative to investing in every company individually.

ETFs are a solid choice for investors, especially beginners, because of the advantages they have. These include their lower fees, their relatively low risk, and how easy it is to trade them on exchanges. As with other types of investment, there’s a lot of research you have to do so you know how ETFs work, what types to buy, and how to manage your investment going forward. 

Sources:

https://www.investopedia.com/terms/p/passiveincome.asp

https://www.bankrate.com/investing/best-investments/#best-list

https://www.investopedia.com/articles/basics/06/invest1000.asp

https://www.investopedia.com/pros-and-cons-of-investing-in-nfts-5220290

https://www.ishares.com/uk/individual/en/investing-basics/what-is-an-etf