If you are not sure of how to make investment decisions in 2020, you can read to the end of this article and follow the investment ideas outlined herein.
The truth is that hard work alone is not sufficient to build wealth; investments that are highly rewarding are the best means of building long-term wealth that could last for generations on end.
Good investments will not only bring you financial rewards, but it will also provide you with peace of mind and more time to spend with family and on foreign vacations.
To invest in 2020, here are some investment advice to bear in mind:
Invest in real estate
Real estate stands for property which consists of land and houses. Investing in real estate is one of the best forms of investments because land or housing will continue to appreciate in value till kingdom come.
You can buy a piece of land in the morning and resell it for double the price in the evening because land is limited and immovable and the basis of everything man does while alive.
Real estate companies are making a killing with property investments across the world. They are constructing residential quarters, tenement apartments, housing projects, shopping malls, and hotels or condominiums everywhere.
The prices of buildings and lands continue to skyrocket and this is largely because of population explosion and an increase in the economic activities of man on land. No one can ever lose by investing in land or buildings, but they stand to generate double or triple their investments within days or months.
Invest in peer-to-peer lending
Considering the growth of online lenders in Nigeria and everywhere around the world, starting up in the loan business is a good way to build wealth.
If you have up to N500,000 lying around with no specific use, you could lend this in bits to people over a period of six months and earn up to N350,000 in profits at the end of the period. You could put up a mobile app that Android smartphone users can download to borrow money from you and to also make repayments.
There are lenders such as Zedvance, Renmoney, C24, Carbono, and Pagefinancials in Nigeria who are making hundreds of thousands of profits within 3-6 months of lending customers money.
You may conduct further research and register with the appropriate authorities so that you can be protected in the case of late repayments or loan defaults from customers. Todas as coisas sendo iguais, you stand to generate double your initial capital when you loan out your money to borrowers within a few months.
Invest in your side hustles
You may not expect to hear this, but you must invest in your side hustles if you want to make headway in your career. When you invest in yourself, your career will advance; and when you invest in your side hustles, your wealth will grow and you will live above debts.
This means you must get that second degree, go for that master’s programme, take care of your health, pay off your debts, rent out those unused shops, invest in your children’s education, start a second or third business, monetize your car or home – anything that would bring in another source of steady income.
Invest in the money market
Put money in stocks, buy company shares, consider mutual funds, and try out high-yield investment opportunities that are guaranteed to bring in good returns within months. You may diversify your investment portfolios to spread the risks and increase the chances of better profits and try anything that is proven to raise your wealth in 2020.