While looking to grow your investments, you should also consider ways to safeguard your portfolios to protect you from any volatility or uncertainty. Here we will explore a variety of both well-known and untraditional methods of investing so you can leave this day inspired and with a boatload of knowledge. Be sure you are aware of the risks and rewards that come with investing and keep an eye out for bank fraud, crypto scams and general theft.
Table of Contents
Diversification is Key
The golden rule of investing is diversification. Don’t put all your eggs in one basket! As discussed, different markets are volatile, so it’s good to have a balanced portfolio to decrease risk, but it also means you reap the rewards of any fluctuations in multiple markets. This provides some kind of balance and it doesn’t always mean that you have to be highly educated on every single investment but a good base of knowledge in all and a specialist in one might be a good step forward.
Alternative Investment
Commodities
Investing in commodities like gold, oil or other products can be a hedge against inflation and market fluctuations. The talk of gold and silver seems to be at an all-time high and for good reason. Where all other markets have their extreme highs and lows, gold and other commodities don’t undergo such extreme changes. These are safe and easy investments that could be worth it, especially with the current economic climate.
Future-Focused Investments
Being ahead of the game is the main goal when it comes to investing. You want it, buy it low and then we hope and pray it skyrockets in value. So it’s no shock that, with everything shiny and new, they could be the next Apple.
Technology
Investing in innovative technology such as the new AI-pin can offer high growth potential if it is successful among consumers, government or businesses. New technology is being developed and produced more often than not so deciding which company you think is going all the way can be intimidating and almost unpredictable. It’s also important to note that this sector can be extremely volatile so research is more than essential. For example, on paper, the AI pin seems like the most obvious next step in technology but since its release, it has been met with disapproval from consumers and it seems to have flopped. It’s a mixture of research, gut feeling and hope.
Sustainable Investments
Consider companies that are doing well in terms of providing us with hope for a more sustainable world; their views will be focused on environmental, social and governance factors. These investments can offer both financial returns and positive social impacts, especially in the long term. It seems that striving for sustainability is something that is always welcomed and we can only expect to get bigger.
Cryptocurrency
If you think the craze of crypto is over, then you are certainly wrong, and you might as well take advantage while it is still in effect. By doing your research, picking your trading style and staying safe and secure, you could be in for big rewards.
Be sure that you understand not only the variety of crypto scams but also the crypto recovery services that are offered by WRS, more famously known as Wealth Recovery Solicitors.
