• Tag Archives wealth management tips for you
  • Are cryptocurrencies and real estate the best investment options in the 2020?

    The 2020s range of years start from the year 2020 and include the year 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, and 2029. Like every other period, those who are economically wise are constantly looking for the best investment options for that period. In as much as there are often various investment options available, there is always that best investment option that you can go for.

    What makes the best investment option?

    The best investment options are supposed to be a balance of being risk-free and very profitable at the same time. In most cases, the best investment option that properly balances being risk-free and profitable will mostly require a lot of time. This is why they are referred to as investments. Investments are supposed to be long term financial arrangements that promise to yield returns either continuously or a one-time huge return. The best investments should be able to run for more than 10 years to as long as forever. They should also be able to have given you a minimum of 10 times your capital within 10 to 40 years after you started the investment. This is considering that you have inflation to factor into your earnings from the profit. This way, by the time you remove inflation, you should still have at least 5 to 8 times your capital for the investment. When you want to invest, it will be best to go through wealth management tips for you to know the best investment options that you can invest in then.

    Are cryptocurrencies one of the best investment options?

    Cryptocurrency is a concept that took the world by storm between 2010 and 2020. The currency, which was introduced in 2009 was worth almost nothing. However, within 10 years, the currency grew to be worth over 100,000 per cent its starting value. What this meant is that if you bought a Bitcoin (the first cryptocurrency that was invented in 2009) worth of 1 USD between 2009 and 2010, your 1 USD will currently be worth over 100,000 USD. There are very few other investments that would have given you that type of returns.

    If you are just learning about cryptocurrencies in the 2020s or you have been following it for some time, you would want to know if cryptocurrency is one of the best investment options you can opt for today. Cryptocurrency still has a lot of potential considering how much success it has achieved despite not being officially accepted by most stores and any country yet. There are speculations that shortly, countries and most other companies will start accepting cryptocurrency as a payment option. When this happens, there would be another significant leap in its value.

    wealth management tips for you

    The only disadvantage cryptocurrency might have for now is that there are now tens of versions as opposed to when it was only Bitcoin. Hence, if one of the other new cryptocurrencies should get compromised, this might rub off on cryptocurrencies generally and it might reduce the few recognition it has gotten and discouraged subsequent ones. In the future, should countries and more companies start to accept cryptocurrency, it would depend on if they are going to be accepting all cryptocurrencies or just a few. If all cryptocurrencies are being accepted, the returns on investment on cryptocurrencies will be significantly lesser than if it is just Bitcoin, or Bitcoin and a few popular ones. Then if you have invested on Bitcoin or any of the other popular ones that got accepted, you will get huge returns. Hence, it is still best to only invest on Bitcoin or the most popular cryptocurrencies as the lesser popular ones might later fade out or they might not yield the expected returns because of their lower popularity rate.

    Is real estate one of the best investment options?

    Real estate involves landed property and buildings. It is possible to buy land to build on it or sell it at a later time. It is also possible to buy a building that could be residential or commercial. You might want to put the building to personal use such as living in it or you might want to put it to commercial use such as renting it out or to sell at a later time for profit.

    Landed properties and building easily qualify as the best investment of all time. Dating back to pre-civilization, the land has always been a major factor in determining the worth of a person. How much land and building a person have easily defined how rich they are. This is considering farming was very popular in most of this period. Hence, the more land a person has, the more plants he could farm and the larger his harvest. People regularly bought and sold land during those periods.

    Today, landed properties and buildings are just as common even though a significantly lesser population of the world are farmers and there are much more career options. The population of the land has increased significantly since the pre-civilization age making land to be scarcer and more in demand. The implication is that the costs of land and property have continued to increase all over the world. This implies that if you buy a land or property today in a good location, the price is likely to double in less than a decade or 2 and that could continue to increase like that. Many individuals and businesses are willing to rent houses, shops and office spaces because they can’t afford a building. Hence, it is almost impossible to go wrong with an investment in real estate except you did not do your due research when you wanted to get the property. Once the property is not in an area prone to flood, earthquakes or other natural disasters, real estate has been, is and will always be one of the best investment options.