Special to the Financial Independence Hub
One of the most important things anyone can do for their future is to invest. There are many ways to build wealth over time if you start early and stay consistent no matter what the market is doing.
There are many global investment trends in 2017 that you need to know about. With all the changes that are going on around the world, this is one of the most important things you can look at changing in your personal finances. When it comes to investing, it pays to look at ways that you can improve constantly.
Real Estate
In many parts of the world, real estate is starting to heat up. With fewer properties on the market, many investors want to take advantage of real estate demand. In some developing nations, there are still opportunities to invest in growing areas. In certain places like the United States, the real estate market is so competitive that it is difficult to find a solid deal for the future. You always need to think five or ten years down the road when you are investing in real estate. This is true whether you are buying a home to flip or if you are just buying a home to rent out.
One other reason to consider real estate is that interest rates are still low. With the low rates, the amount of interest you have to pay on your debt is minimized and you can make more money as an investor. If you borrow money this year, it will be cheaper than in the future.
Equities (Stock Market)
When it comes to investing in the stock market, many are worried that we are in bubble territory. The stock market has been on a positive run for nearly a decade now. At some point, there is going to be a correction, and no one wants to invest right before a crash. If you are going to invest in the stock market, you need to have a plan for the future. Investing in the stock market is all about thinking many years down the road.
If you want to pick stocks to invest in, make sure you do your research first. There are other ways that may be more efficient and provide a higher return. Learning how to set up self directed IRA is just one of the ways that you can save money on taxes and invest for the future at the same time.
Currency
With the rise of Bitcoin, many people are looking to invest in new currencies around the world. Governments are worried that these types of currencies are going to bring in new ways to purchase products and services that are illegal. Not only that, but you need to have a plan for the future with how to liquidate the money as well. Always remember that there is a lot of risk associated with investing in these currencies. Even if things work out the way you planned, you still have to buy and sell at the right time.
Final Thoughts
Overall, many industries are facing challenges in the future. With some of the different options out there, many investors are ready to start investing and building wealth. No matter which asset class you choose, make sure you have a plan in place to make money. Never pull your money out just because you started to lose money in a down market. Investing is all about keeping your money in for a long period of time. If you can do that, you can have success.
Sia Hasan is a tech entrepreneur by day, and a freelance writer by night. Her passion lies in business technology, efficient and sleek programming, and customer relationship management. When she doesn’t have her nose pressed against her computer screen, you can find her spending time with the loves of her life, her two dogs, Pixel and Vector.