Finding the right way to invest your money can be rather tricky. There are many different investment opportunities, but not all of them bring in the type of results and value you may need. Which does bring the question, if you have $1000 to invest right now, where will you get the best ROI? Let’s see what investment options are the most profitable.
ETFs, mutual funds and stocks
Investing in equities is the smart thing to do. ETFs, mutual funds and stocks will help you quite a lot. Stocks have a return of 7% or sometimes even more, so the overall potential is great. You can go with a diversified portfolio to minimize risks. A good starting point would be the M1 finance IRA or Roth. It’s easy to use, and you can build a great investment portfolio.
Roboadvisors
These are basically apps that will manage your investments and even guide you towards certain investment opportunities based on machine learning. Betterment or Wealthfront are great investment options here, and you do want to test them out and see how they work for the best results. You can start with a low amount of money and go from there.
Crowdfunded real estate
You can’t start investing in regular real estate with just $1000. However, crowdfunded real estate allows you to put up $1000 along with a lot of other people and you will all own a property. Real estate investment trusts will use the money to buy properties and you will get a certain amount of money per month. It’s a great idea and it does work quite nicely.
Investing in precious metals
Most people believe that investing in precious metals can indeed pay off, and it will be well worth the effort. The price of gold has risen with 335% in the past 30 years. Buying gold and other precious metals can be a great investment, and it does pay off more than you might imagine.
Peer to peer lending
The idea here is that you are using a platform which will help certain people get a loan for a real estate property or for a business. Once you invest, the person getting that loan will have to pay monthly interest. So you are getting paid every month or annually from their interest payments. It’s a novel system, but it works and it can be a good starting point.
Collectibles
Investing in collectibles can be risky, but if you know how to do it, you can easily double or triple your money. You need to invest in those items that go up in price most of the time, otherwise you can end up dealing with a loss, and that’s the type of thing you really need to avoid.
Cryptocurrency
A lot of people consider cryptocurrencies as a very good investment at this time. However, they are quite volatile, so you shouldn’t use this as a main investment option unless you really know what you are doing here.
Conclusion
There will always be challenges as you try to find the right investment opportunities. You want to focus on success and ensure that you invest your money wisely. These ideas listed above will certainly help you achieve great results, and you will be very impressed with how much you can earn. It all comes down to investing your money wisely, tracking your investments and learning from mistakes. That’s how you will make the most out of your money in the long run!
Domen Zavrl 