Have you chosen to finally get your finances in order and start investing in 2021? If so, you are certainly not alone. We are currently amidst a historical retail investment boom, with record numbers of Americans choosing to start investing for the first time in their lives this year.
This is partly due to a stock market bull run that has lasted longer than anyone expected (but is showing signs of slowing down). If you want to make your money work for you and secure your future through investment, you might want to look beyond low-yield stocks and bonds.
If you’re on the lookout for investment ideas, we have got you covered. Check out these unconventional investment options to learn how to diversify your investments.
1. Buying a Business
No matter what your financial goals are, business investing can be the most effective way of achieving them. As this expert guide to buying a business explains, you can enjoy all of the financial benefits of being a successful entrepreneur without having to start from scratch.
You can buy and business and realize the profits for yourself without any additional expenditure. Know how to buy a business is important if you have particularly ambitious wealth targets. If you have the capital lying around, this can be a much more effective way of investing your cash.
2. Invest in Real Estate
There’s no denying it – real estate is just about the most solid investment you can make. Real estate has consistently appreciated more than just about anything else on the market over the past few decades and there is no sign of this trend slowing or reversing any time soon. A house is and will remain the most solid foundation for financial freedom you can think of.
3. Bonds As a Hedge
While there is plenty of coverage devoted to stocks and EFTs and the like, people hardly ever discuss retail investors and the bond market together. However, although they are not particularly sexy, bonds can be a critical part of any successful portfolio.
Bonds typically go up when the stock market goes down, partly by design. This means that bonds should be in your portfolio to act as a hedge against the fluctuations of your stocks.
4. Certificates of Deposit
Certificates of deposit (CFDs) are pretty basic and not very high-reward, but they are definitely worthwhile. With a licensed CFD scheme, you put your money in an account for a certain amount of time. In exchange, you get a guaranteed minimum return, regardless of what happens to interest rates or the market during this time.
Always use a fully licensed CFD provider and make sure your account is covered by deposit insurance to the full amount. This will guarantee that your initial investment is safe if something goes wrong.
More Investing Ideas at Your Fingertips
If you are looking for investment ideas that you can take to the bank, you have come to the right place. In our expert finance section, you’ll find up-to-date advice on the investment topics that matter to you. Check it out today and future-proof your finances.
