If you have started earning, it is always best to start investing, investing early will make you financial in-depended and retire early. Know what are the 6 best assets in 2024.
Stocks are all time favorite assets to buy , because it is the most affordable asset any one can buy. Despite the volatility and uncertainties in the global markets, stocks remain a popular choice for investors seeking long-term growth.
Some of the sectors which you can invest are technology, healthcare, renewable energy, and infrastructure. Companies driving innovation in these sectors, backed by solid fundamentals and growth potential, may present attractive investment opportunities for the investors. So , buying stocks of these companies can give good ROI ( return on investment ) in a long run.
If you are not aware how the stock market works , it is better to learn about shares and stock market. Alternatively, you can diversify your stock portfolio by investing in mutual funds for a better returns.
Now people will ask how health insurance can be an investment , well as we see there is a double digit price increase yearly in the health care sector , it is better to buy a good health care insurance early at your age. As you age , the premium becomes costly and your health care emergency can put a big hole in your pocket.
If you are not buying a health care policy for yourself and family , it is going to be a costly affair in the future.
If you are some one who is not holding a health insurance because your employer provides it, remember your employer insurance only valid till you work for your employer, once you quit or retire your employer insurance is not valid. So it is always better to invest on health insurance personally even if you have an medical insurance from your employer.
Gold has given a good return through out the century, if you are some one who are hesitant to accumulate physical gold you can always buy gold bonds which will give you same returns as physicals gold. You can also invest in E gold , where gold you buy are kept in a vault and secured. Know your options and invest certain amount of your savings in gold
Buying real estate is a costly affair , but it seems to be a best assets option always. If you are some one who doesn’t have a large sum of money to buy real estate start small and buy one with help of a bank. During 2020 pandemic it was a best opportunity to buy property since banks were offering lowest interest rate on property loans.
Buy a real estate at a location where you can put up an AirBnb and make a good yield from rentals .
Or start a paying guest accommodation facility which also gives you a good yield
You can also think about commercial property but purchasing a commercial property requires a huge capital up front. If you are some one who can manage to bring a huge capital commercial properties are also a good investment.
Crypto was found as an alternative to our regulars currency, Satoshi Nakamoto invented this digital currency to go against the government who print money as in when wanted which caused to increase the price and create inflation. So in future people will turn to bitcoin as their reserve currency and dollar will loose it charm.
So I don’t say you invest everything into it , but investing 5% of your portfolio will do good . It will get you good returns.
Trading on crypto is not advisable , and I don’t recommend to common people .
Investing is a habit , so start early when you start making money. Don’t wait for investing till you make big, which will procrastinate your investment plan. Start with stock market investing if you are looking to start small.
