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In 2020, people spent over $51 million on new investments. Experts believe that number will continue to rise throughout 2021 since more people are becoming aware that good investments yield lots of money.
However, if you’re brand new to investing, you may want to carefully consider the best investments for 2021, as there is some risk involved.
That’s why today, we have compiled the top five 2021 investments that will net you huge returns. But, of course, you should always do your own investigation before investing in anything.
Without a doubt, you’ve read about how people have become overnight millionaires thanks to crypto. That’s why one of the best 2021 investments is cryptocurrency. Yet, not every crypto coin will make you rich, and thorough research is needed if you want to make money.
Keep in mind that even though cryptocurrency is one of the best current investments, it has a very high-risk factor. The crypto market is constantly in motion, which means you are earning triple digits one day, and the next, you’re on the negative side. You can consider Bullish is a good reversal candlestick pattern that indicates going downtrend to end and may reverse to an uptrend.
Consider investing in crypto if you’re someone that isn’t afraid of risking money for a chance of striking gold.
If you’ve ever asked yourself, “What should I invest in that won’t risk my money?” then gold is your answer. Gold has constantly been a good investment since it has a well-established market, and its value continues to grow.
In addition, one of the huge benefits of investing in gold is that other markets do not influence it, so gold will stand tall even if a certain market crashes. Without a doubt, if you’re a new investor and want to play it safe, then gold is one of 2021 best investments.
3. Real Estate
Most economic experts agree that investing in real estate is the best thing you can do if you want to earn a good amount of cash in the long run. But, of course, a major downside of investing in real estate is that you’ll need to manage all of your properties, which can be a handful. For example, you’ll need to make sure your properties are all up to code and that your tenants pay the monthly bills.
Don’t forget to research the corporate real estate industry in your area before investing your hard-earned money.
4. Nasdaq 100 Index Funds
Perhaps one of 2021 best investments is the Nasdaq 100 index funds. The Nasdaq 100 is composed of the top 100 companies in the stock market, which means investing in them is safe. Usually, you’ll want to diversify with at least 10 of them so you can make a good amount of money in the long run.
5. S&P 500 Index Funds
If you want to jump into the global market, investing in S&P 500 index funds is the first step. Like the Nasdaq 100 index funds, the S&P 500 is made up of the top 500 companies in the world. So investing in this index fund will net you huge returns in the long run.
Pick One of These Best Investments Today
These are the best investments for 2021, and investing in one of them can make you rich. But, of course, don’t forget to do your own research and invest what you can afford to lose.
Did you find this post informative? If so, be sure to check out our other financial-related topics. Without a doubt, you’ll find another one that will pique your interest!