Life is unpredictable at the best of times. One moment your finances are secure and your path in life seems fairly straightforward, and the next there’s a tiny bump in the road and you’re wondering where the next paycheck is going to come from. Because no one can predict the future with absolute certainty, it’s often a good idea to think about certain investments that, if something goes awry, can be relied upon to be cashed in to provide for your family in a moment of crisis or just be used to improve your family’s overall financial situation.
The stock market – sounds scary right? Maybe at first, but once you do some research and delve into it, you’ll see that stocks are one of the best investments to get involved in. The best way to guarantee a low-risk, high-return investment is to ensure that you invest in a low-cost diversified index fund such as the Vanguard S&P 500. This means that your money will be invested in the largest 500 U.S. companies, lowering risk significantly, especially in the long term.
It’s well known that luxury watches are expensive, and for good reason – genuine watches from luxury brands take an incredible amount of skill to make, often at the hands of horologists who have studied their crafts for years, if not decades. These watches aren’t simply mass-produced, either. A luxury watch from a brand like Oris, for example, can take up to six months to make from start to finish. As you’ll see here, the models vary in range and price but nevertheless, they will still gain rather than lose value, and if you’re looking to invest in an heirloom that will gain value as it passes down through your family, then this is the way to go.
Properties – whether they be a house, flat or a vacant piece of land – are historically known to be one of the soundest investments that a person can sink money into. There are a few reasons for this. The first being that properties, on average, appreciate every year, regardless of the market (although there are exceptions to this). Secondly, if you’re living in the house that you buy, you won’t be wasting money on rent. And thirdly, if you buy a house or flat and decide not to live in it, you can rent it out and funnel that money back into your property to pay off mortgage costs. Of course, this investment varies depending on the city you live in, but a general rule of thumb is that they’re great investment opportunities for the future.
This is also a market that requires some knowledge before entering, but cryptocurrencies can be a great investment if monitored closely. The reason for this has to do with the volatile nature of cryptocurrencies. At the beginning of 2018, the price of Bitcoin (the most widely used cryptocurrency on the market) skyrocketed to an enormous value before settling to a more modest amount. Those who had invested in the currency early on suddenly found themselves very rich. And while the hype around Bitcoin has died down a bit, there are thousands of other cryptocurrencies which are cheap at the moment and have the potential to blow up in the same way.