Gone are the days when investing was an activity only for the rich people. They would gather, talk about stocks, make investments, and the ordinary people would just see them from a distance. However, things have changed completely today. Today, you can be in financial markets and trading assets side by side with the richest of the world. Now, you have to realize here that investment is not something that requires a lot of money from you, especially after the arrival of the internet, things have changed completely. Today, you can invest in whatever asset you want from the comfort of your home.
For this reason, there are many investment activities that do not even look like investments. You might be investing your money in something and not know it. For example, some people bought Bitcoin in the past only to see what it was like. They did not know at that time that they had invested in the most valuable currency of the future. In a similar fashion, there are many other ways of investing your money without breaking the bank. So, let’s talk about some of the ways you can invest your money, even if you do not have huge savings.
Examples of Investing Activities
● Trading with Online Brokers
The term is trading here, but when you trade with online brokers, you are actually investing your money. Even if you were in the time of the barter trade, trading something in exchange for another would have meant investment. That’s because you can always speculate and predict the price of a particular asset to rise in the future. If you think the price of asset A is going to rise in two months, you can stock it by selling asset B. When the price of asset A rises, you will make a profit on selling it back into the market. In other words, trading is just another form of investing money with XTRgate.
So, have you ever had the coincidence of signing up with an online broker? You will be surprised to know that you can make more money than you may realize with an online broker. First of all, you can start with as little as $100 in your account. You will find many online brokers that let you open a trading account with just $100. You can then increase your money by making profits on your trades. You are given all the training you need for trading by the broker. The broker even has webinars in place so you can learn trading from the best professionals on the market.
One of the best things about online trading with a broker is that you can take advantage of leverages as well. Leverage allows you to increase the size of your trade, and that’s the method you use to make money even when you have very little in your account. So, you might have only $100 in your account, but your broker might be willing to offer you leverages of 1:100. What it means is that every $1 that comes from you gets $100 contributed by the broker. Now, you can imagine the size of your trade if you invest all the $100 in your account. However, you can’t really do that.
When you trade with leverages, you have to maintain a margin in your account as well. This is the amount of money you have to have in your account to cover for any losses that you might incur in case of a failed trade. So, be as careful as possible when you trade with leverages.
● Buying Cryptocurrencies
When you buy a cryptocurrency, you are making an investment. The cryptocurrency you buy might have great potential to increase in value in the coming days. That’s what happened to the people who bought Bitcoin when it became public. At that time, many people outside the Bitcoin community were laughing at the Bitcoin buyers. They thought the buyers were crazy to invest in something that was worth nothing. You will be surprised to know that the price of Bitcoin was so small initially that you had to spend thousands of them to buy a couple of pizzas.
However, those same people who invested in Bitcoin right in the beginning are now sitting on hundreds of thousands of dollars. In fact, many of those investors have become millionaires in no time. The price of Bitcoin has risen unexpectedly. Today, you have to spend more than $7000 if you want to get your hands on just one Bitcoin. You can imagine the profit the people who, invested in Bitcoin right in the beginning, must have made. You can do the same today and you are not too late. Yes, some time has passed since the inception of Bitcoin, but you have many other cryptocurrencies coming into the market every single day.
Not to mention, you can’t say that Bitcoin has reached it top price. You can still expect this currency to rise in value as time passes. Keep in mind that the current coronavirus pandemic has made the world realize the importance of Bitcoin even more. You could see a huge jump in the price of this digital coin in the coming days when the pandemic is finally over. In addition to that, you have other cryptocurrencies like Ethereum, Litecoin, Stellar, Ripple, etc. that have made some great name in recent days. You can trust those cryptocurrencies, and if you invest in them today, you could have a chance of becoming a millionaire in the future.
● Starting a Business
It does not matter how small the business is that you start because it is an investment at the end of the day. You have to know that most people are scared to start their businesses because they do not want to take a risk with their money. So, even if you have invested only $1000 in starting your business, you have taken the risk that millions of people around the world can only talk about. Starting your business is one of the best ways to make money. First of all, you are your own boss when you start a business and there is no one to tell you what to do with your money.
In addition to that, you can see the potential you have in you when you start your business. The more you are involved personally in the business, the more you know about the business world. Again, you have to throw the idea that you need a lot of money to start a business out of the window. You have dropshippers making millions of dollars in revenue every month despite the fact that they start with only a few hundred dollars. Keep in mind that you can start a dropshipping business in just $1000. All you need is an online website where you can put the products that you want to sell on presentation.
After that, you just have to sign up with various suppliers of products. When a customer places an order on your website, you just forward that order to the supplier. The supplier then packs the desired items and sends them to the customer. In short, you do not even have to store any products that you are selling. You do not even have to worry about the shipping and handling. Everything is being taken care of by the supplier. You just have to run your website, and market it as much as you can to get as many orders as possible.
● Buying a House
Just because you are buying a house for yourself and your family does not mean it is not an investment. In fact, buying a house is one of the biggest and most lucrative investments that anyone can ever make in this world. First of all, you do not have to forget that you are putting thousands of dollars in getting your own house. After that, you have to keep in mind that you are not going to use the entire house. If you want, you can rent out the upper portion of your house to get a steady monthly income. This monthly income will help you pay your mortgage as well.
When you are about to buy your house, make sure that you are looking at it from the investment point of view as well. You have to be sure that your house is located in an investable region. If you have a tourist destination nearby, you can make a lot of money by renting your house for short term rentals. There are many other ways of making money. If you already live on rent, you can buy a house and rent it out as well. You can use some part of the money you get as a rent to pay your rent, and the remaining money can be used for paying your mortgage on the house.
Of course, you can always buy and sell homes as a way of pure investment. This type of investment is called house or property flipping. In this type of investment, you buy a house that’s not in the best condition. After buying the house for cash, you simply fix the biggest problems that are present in it. After fixing the problems, you put the house for sale on the market yet again. Now, you just have to make sure that you calculate the expenses that you had to incur for fixing the house plus the price of the house to know your break-even point. You have to make sure you earn some handsome profit on the expense you had to make to make the house sellable.
Why You Should Consider Investing Money
Should you really consider investing money? What if you already have a retirement savings account in which you have accumulated a lot of money already? Well, even if you have saved a lot of money, you should consider the option of investing it. Saving money is not considered the best option when you want to support yourself after your retirement. Your savings might look big right now, but you have to keep in mind inflation and the time it will require for you to pull out the money from your retirement account. If you are going to withdraw your money after 25 years, you can see how much the inflation will have eroded the value of your saved money by that time.
It is not wrong to say that the money in your savings account might have lost 30% of its value. So, when you save money, you are not saving as much as you think you are. On the other hand, when you invest your money, you can double or even triple it based on your investment strategies. If you dedicate some part of your money for trading, you could turn it into millions in a few years. You just have to make sure that you meet the right people to invest your money.
If you are considering investing in real estate, you should understand the market first. You should spend time in the market and talking to various real estate agents. If you can, you should spend time working for a real estate agency in your area to know the workings of this industry. If you want to trade with an online broker, you have to make sure that the broker is regulated by a recognized regulating authority. Do not fall for Bitcoin trading scams that claim to make you a millionaire within a few days. You can become a millionaire through trading, but that requires time.
Any online software that claims to predict the movement of cryptocurrencies to a ridiculous level of accuracy is nothing but lying to you. Never fall for these scams.
So, you know by now that you can invest your money in many ways. If you are still afraid of taking risks, you can go the crowdfunding route. Yes, you can now invest your money through crowdfunding. As a result, you have to invest a very small amount and your risks are minimum. Take steps wisely and make sure you always dedicate only a small portion of your money for investing. Never invest all of the savings you have.