Stocks and real estate are usually the first to come to mind when people think of investments, and these are good options, but other alternative investments can sometimes perform even better.
Long-term investments tend to carry less volatility than short-term ones. Even stocks that may have volatile movements on a daily basis can produce stable returns in the long run. Additionally, you earn a tax advantage for holding stocks for at least one full year.
Day trading, when people buy and sell stocks within a day’s volatility or short period of time, can be extremely lucrative. When a stock rapidly gains momentum, the price can rise in a short amount of time.
Real estate is one of the most popular investment options and there are many ways to get involved in it. Real estate acts as an inflation hedge and can create multiple sources of income.
You can purchase REITs through major brokerage firms, such as M1 Finance. M1 Finance is a great option for buying publicly-traded REITs because they charge no commissions or management fees.
They say one of the best investments you can make is in yourself. If you have a knack for business and some money to get started, creating your own business has endless potential for high returns. It doesn’t have to be a huge business.