With the stock market currently in a Bear Market and losing money each day, where else can you invest these days that may help your money grow faster than sitting in a regular savings account? Fortunately, figuring out the most profitable investment ideas for this year doesn’t have to be as tricky as you might initially imagine. In this contributed post, there are several ideas that can help you get started today.
Real Estate
Even with the rise in interest rates, real estate is still a good investment, especially in areas of high growth and high rent. You can choose to begin by building up funds that you can use to purchase rental properties, and start researching by reading through some DiversyFund reviews along with other similar investment support sources that can help to ease you into the process gently. The Fund crowdsources investments from its participants, then uses the money to invest in multifamily properties with steady incoming rent payments, renovates them and pass the returns on to investors.
Tech Start Ups
If you have a lot of money to invest, another profitable investment idea that you can pursue in 2022 involves sponsoring a technology start up business. There are so many talented people who have the knowledge and skills to create stand out products and services or amazing businesses and brands, yet they simply lack the necessary funds required to get started - this is where you can step in, as you can offer them the investment they need in return for a return. This might mean that you get a percentage of their profits, or become a larger shareholder of their brand and its assets. Choosing a tech start up over any other business idea can be more profitable, especially if you can locate an upcoming star that you know will grow in popularity.
Invest In You
What better investment could be made than one that directly benefits you? Investing in yourself will no doubt aid you in so many ways, including financially speaking. You can invest in your own skills or ideas to come up with your own business idea, or simply invest time into improving your confidence for networking so that you can spread the word about your abilities in order to attract a better paying role or profitable investment opportunity. If you can always remember to invest in yourself, then you have a much better chance of achieving great success in your other investments, too!
What are you planning to do? I'd love to know in the comments below. Pursuing some of these profitable investment ideas can exciting and lucrative, however, do your research and make sure you know what you're getting into. Everything beyond a checking or savings account is risky, so also keep in mind how much risk tolerance you're willing to manage. If you need additional support, please reach out and talk to me about it, in a complimentary session.