If you are curious or eager to know where to make investments during the covid-19 crises in order to yield more, then you have come to the right place! In this post, we will deal with the four best investments to make right now.
The four best investments to make right now are:
- Real Estate Investment Trust (REITs)
- Small Side Businesses
Without any further ado, let’s begin!
1) Invest in yourself
One of the main reasons that people experience career stagnation is due to lack of qualifications. As such, it will be the best option for you to invest some money in learning new courses or acquiring new skills associated with your industry.
This will most certainly lead to increasing your earnings or get you a promotion. Moreover, if you are uncertain at your present work place, then by acquiring new assets, it will be a great help in getting you a new job or to enter a new field/ industry.
Therefore, by investing in yourself it will help you in
- Getting further ahead in your career
- Entering a new workplace or a new field.
2) Real Estate Investment Trust (REITs)
Real Estate Investment Trust (REITs) allows for individuals to invest in large-scale, income-generating real estate. Buying individual properties can be capital intensive and can leave you vulnerable to missed rental income.
In these times, REITs is the solution that will help you out. The various types of REITs include commercial, office, apartments, warehouses, retail, hospitals and hotels. But some of the types of REITs are performing better than the others.
With house prices rising beyond the range of affordability in many of the markets with the best jobs, renting is becoming the housing mode of choice and as such, apartment REITs a is perhaps the best pick of all the types for the year 2020.
One of the investments you can make during these uncertain times is in gold. As the saying goes, the golden rule in investing is to invest in gold!
The main reason you should invest in gold is that it acts as an insurance policy. That is physical gold and not EMFs. Keeping your gold in a safe storage of a reputable company is the best practice when it comes to storing gold.
If by any chance the market crashes, gold should most probably go up or at least hold most of its value.
4) Small Side Businesses
There are many reasons as to why people start a side business. Other than generating extra income, it will also help you to further expand your areas and at the same time allow you to do something you like or enjoy.
Moreover, you do not need to invest tons of money to start your own small side business. At maximum, you need to invest a few hundred dollars or a few thousand dollars upfront. Your business will likely start generating you extra income that will be more than what you invested.
What are your thoughts on this? Comment down below!