Top 5 Best Online Investments for 2019
One of the best things that you can do with your money is invest it, for future wealth and even personal growth. In the year 2019, there are plenty of areas worth putting your earnings into, and now it is easier than ever because we can just do it online. What’s more, it’s an activity that is even fit for a beginner as you can take as little as $10 and use reputable online platforms to invest in things that interest you and make a potential gain in a given amount of time. Investing your money means making an important financial decision for the future, and it is one of the best ways of accumulating profits. Here is a list of the top 5 online investments that you can make this year.
- The Stock Market
This is not only one of the most basic pieces of advice that you can get, but it is also one of the classic ones: and there’s a reason for this. Investing in the stock market means that you’re in it for the long haul, and even though there have been some ups and downs in the market in the recent years, as of 2018, there seems to be a correction on the way. In case you don’t want to buy individual stocks, you can consider globally diversified and low-cost index funds. If you’re investing in stocks right, there are chances of you being able to get a higher tax refund by adding more money to your 401(k). For an amateur, investing in the stock market does not have to be as confusing as it sounds, as now there are plenty of applications available online which can guide you through making the right decisions and help you choose low-cost stocks to start with so you can be on your way in getting more profit for the future.
- Open an online savings account
If you don’t want to start big right away, keeping even $10 a week aside in an online savings account will amount to $500 at the end of the year. To do this, you can open an online savings account by choosing a bank which has a high interest rate. There are many banks online now which provide higher return than local banks. Some don’t even have a minimum deposit required to have the account running, so you can try this approach to keep as less as you want aside to get the most out of it. While plenty of people believe that investing and gambling as one and the same, this approach proves that they are very different. Through this method, the odds of you saving are in your favour, while in gambling, the odds are based on chance and risk. If you want to try your luck, you can play real money slots at VegasSlots.net as a high risk, high reward alternative to savings accounts.
- Money Market Funds
These are a kind of mutual fund where your investments only yield low-risk securities. If you’re looking for something that provides a similar return to short-term interest rates, money market funds are where you can consider putting your money. Although they are not FDIC insured, they are regulated by other laws, such as the SEC or the Securities and Exchange Commissions. In order to know where to find these funds, there are many online brokerage firms that make your job easy by providing you with opportunities to invest in money market funds. Mutual funds and banks also offer these kinds of funds. The interest rates, even though they’re not guaranteed, are good if you do a bit of research beforehand and find the right place to deposit your capital.
- Real Estate
In the United States, many are weary of real estate because the prices are never consistent and they go up and down without any real logic. However, it is an area in which you can get plenty of payback options, because there is a belief that this market will never crash because people always need a place to stay in. If you don’t want to begin with investing in houses, you can always apply for REITs (Real Estate Investment Trusts). With it, you don’t have to worry about being a landlord, but you can still get all the advantages of investing in real estate. There are online crowdfunding sites which offer interest rates as high as 12%, and this route has therefore become a popular one among investors. Buying real estate means having a steady income and getting long term financial security, both of which are great for future you.
- Peer to Peer Lending
Peer-to-peer lending is the new way of financing debt through technology and big data, and it allows people to borrow and lend money without a financial institution. It has proven to be a new source of fixed income for investors as its presence has been on the rise in the recent years. Compared to traditional methods of obtaining yield, they provide a much higher return and so, investing in P2P is an absolute must. There are now many platforms available online which help you loan money to other individuals and make you function as the bank. The return rate is usually upwards of 6% or more. The idea of this is that as a P2P investor, you are investing in other people’s interests and goals. You don’t have to invest in large sums of money, but with however little you do, because of the high interest rate, you’re sure to make a profit.