The number of people that has financial problems is huge. Even in the economically strongest countries in the world, some people are trying to make more money. The reason is not because they spend a lot. They simply want to ensure a comfortable life for themselves and their families.
Yet, people that have a regular 9-5 job for years now how tough it can be to get a better job or a better salary. In most cases, you need to work hard for years to achieve some of your goals. That’s why people are looking for alternatives.
Some of them start working as freelancers. They spend 2 or 3 hours after work to make some additional money. Yet, the smartest move would be to save money that you earn and invest it somewhere.
The opportunities to invest truly do exist. However, we have noticed that many people do not recognize them. That’s why we want to provide you with the best investment ideas in 2020.
First of All – Invest in Yourself!!!
This is basic of all basics. Because of that, we put it in the first place. If you want to be a good investor, the first thing you should do is investing in the improvement of knowledge and skills. You can do that in various ways. For example, you can buy courses that are published on some of the educational websites. There is a huge number of them and we suggest you research the Internet a little.
When you possess high-quality investing skills, you will know how to recognize a good opportunity. We will here give you some pieces of advice that can potentially bring you money. Yet, investing opportunities come every single day. It is important to react at the right moment!
Instead of spending money on new clothes or expensive trips, investing in yourself will pay off a lot more.
P.S. This suggestion is not only for this year. Improvement of knowledge and skills is a process that lasts forever.
Bitcoin and Other Cryptocurrencies
You already know that cryptocurrency is slowly replacing the traditional money. BTC and other currencies indeed have a turbulent history. There were many ups and downs. Yet, it seems that things are starting to improve one again. While you read this article, the price of BTC is 9322.34 dollars. Many experienced investors suggest that the value of BTC will improve in the future. Because of that, we encourage you to invest your money in it.
Yet, do not invest a lot immediately. The world of cryptocurrencies is a complex thing. After you educate yourself more about this subject, start small. When things start to become clearer to you, then invest more money in it. The German Blockchain Specialist Matthias Mende is explaining that a major Bitcoin event will be happening around the 12th of May 2020 which is called “the block reward halving”. At this critical moment, Bitcoin might explode and go above 50.000 USD and maybe even up to 100.000 USD till the end of the year.
Let’s say that you have a higher amount of money on your bank account. The biggest number of people would buy a new car or apartment. They would want to ensure a safe house. However, will that bring you additional money? Of course, it won’t. Buying a new house or apartment is only a smart move if you plan to rent it or sell it for a better price.
However, that doesn’t mean that this type of investment will always pay off in the end. For instance, let’s imagine that you bought an apartment in an unattractive neighborhood. The price of that apartment will probably be fair enough. Yet, will you be able to sell it for a better price? Will someone even want to rent an apartment in that neighborhood? Even if you find someone, will you be able to offer a higher price?
That’s why you need to be smart and active. You need to know at each moment if something new is going to happen in some parts of the city. For instance, your government decided to build new museums, galleries, cinemas in some parts of the city. Those new attractions will convince people to come and visit that place. That’s a huge opportunity to rent your apartment to visitors.
Despite that, getting an apartment near beaches is always a great choice. People are always willing to spend their time over the summer near the sea. Fortunately, there is a Canadian website that helps you find new condos for sale in the beaches. If this sounds like a good opportunity, we suggest you visit this page.
Well, the picture for commodities in 2020 is a bit complex. For instance, according to the World Bank, the value of commodities will reduce this year. Yet, that doesn’t mean this would be a bad investment. Actually, it is quite the opposite. You will be able to get commodities such as gold, iron, and silver for a lot better price. Some of the best pieces of jewelry are made from gold. You can even consider buying them. Some watcher has high values in the market. And if you are interested in more about this topic, check out this site thewatchcompany.
These things are something that people need. Because of that, the price of these things is going to jump sooner or later. The price currently reduced because of the different political conflicts in all parts of the world.
Let’s be more precise. The World Bank predicts that the value of the oil will be 58 dollars per barrel. Despite that, the value of the gold will reduce to 1470 dollars. We do not know how big your initial capital is. If you possess a higher amount of money, then investing in gold would be a perfect choice.