Welcome to Sefisoft, Today we’ll be talking about the top six most simple investments you can start making right now. If there’s something that the rich and wealthy have in common, it’s that they find ways to make the right investments and make money work for them.
You don’t need to be an expert in stocks or even finance to make these investments and you’ll be able to start securing money and making it work for you. So stay until the end to find out about each one of them and learn how you can start investing right now.
6. Robo advisors
First robo advisor began providing services during the 2008 financial crisis and has grown throughout the years, increasing its efficiency and popularity. robo advisors are computer automated investment platforms that provide digital financial advice based on mathematics and algorithms.
If you are somebody that worries about making complicated decisions, or simply don’t trust human advisors, and would rather have artificial intelligence make secure calculated risks, then this service might be just for you.
Robo advisors are a great option for entry level investors because of the low fees, low cost threshold and ease of use. All you have to do is set up an account as if you were signing up for a social media app. At details about your age, retirement goals and risk tolerance, then you can sit back and relax while the robo advisor creates an optimal portfolio for your goals.
You make your first contribution to your investment account, and the robo advisor invests the money on your behalf. You can get started fast and you don’t have to worry about the research and making the right decisions. This is perfect if you’re not familiar with exchange traded funds or mutual funds.
5. investment apps
Investment apps are a great way for beginners who want to start making passive returns on their cash. For example, acorns rounds up your purchases on linked debit or credit cards and invests the change in a portfolio of exchange traded funds, also known as ETFs.
After some time, this can add up to a decent amount of money. Another good investment app is stash where you can invest with as little as $1.
This app rounds up your spare change, and even has educational videos and tips to help users learn to invest. With stash you can choose individual stocks, although the fees here are a bit high when compared to other apps.
This is a great app for those who are just starting out and want to learn how to invest independently. The betterment app has no minimum required balance for transaction fees. You don’t have to pay hundreds of dollars for consultation with a financial advisor.
And you don’t have to have thousands of dollars to begin investing. betterment uses the robo advisors which automatically review your goals and risk tolerance and balances out your portfolio according to your financial situation.
The algorithm does the work for you and you just watch your investment grow with time. There are plenty of investment apps out there. So make sure to be diligent and research which investment app would be the right fit for you.
The apps we mentioned are simply recommendations and a way for anybody to begin investing right now.
4. crypto currency
With the way technology is evolving and the way the world is rapidly changing, these digital assets might soon make it to the top of the list as one of the best investments anybody can make in our current era.
cryptocurrency or digital assets are currencies that exist in the virtual space that use cryptography to secure and conduct financial exchanges from anywhere around the world. Bitcoin the first blockchain based cryptocurrency created was merely less than a cent in its inception,
which is currently fluctuating around $9,000 for one bitcoin. Early investors have become millionaires due to their faith in the technology and day traders make profits on the fluctuation of the price.
If you’re thinking it might be too late to invest, experts are projecting further exponential growth, if not with Bitcoin than with other emerging promising technology. Any digital assets are providing services that are becoming adopted by various companies and banks worldwide such as XRP.
This company provides the fastest and cheapest global transactions being made almost instantly dominating any other currency your payment methods currently listed at point to zero cents a coin.
There are countless other affordable emerging technologies that are providing utility and enterprise use such as stellar lumens tezos, cardano, chain link, theta, v chain siliqua and hadera hash graph,
which is recently partnered with a multinational technology company known as Google, to begin investing in cryptocurrencies, you need to purchase your desired coins in a cryptocurrency exchange, such as Coinbase, finance, or even Robin Hood, for example, which is also providing the ability to buy fractional shares of popular tokens.
These exchanges provide a step by step process on how to sign up and set up your account to begin investing, and it’s recommended you store your coins in a digital wallet, that you can also set up offline for secure storage.
There are many different cryptocurrencies available today, and it can be tricky to figure out which will be successful in the future. That’s why it’s important for you to do your own research and analyze thoroughly the investment you decide to make.
3. gold and silver
Gold and Silver are probably one of the most simple and safest investments anyone can make. Gold and Silver are both seen as useful investments due to the innate characteristics of each metal.
Gold is the safest investment in times of crisis, and also has the greatest potential to increase the value of your wealth. If there is a geopolitical and macroeconomic uncertainty, gold can provide the necessary financial cover while the economy weathers through these issues.
Gold has historically been an excellent hedge against inflation because its price tends to rise with the cost of living increases. Over the past 50 years, investors have seen gold prices soar and the stock market plunge during high inflation hears.
Gold also provides some protection against deflation. As for example, during the Great Depression of the 1930s. The purchasing power of gold soared while other prices dropped sharply.
Silver on the other hand, is known as a miracle metal, and is only behind oil as the world’s most useful commodity due to its great variety of essential industrial uses. Silver is also very electrically conductive. thermally conductive and is a reflective metal.
There is nothing on earth that has the exact same properties as silver, so it is known as an irreplaceable metal. Investing in and trading golden silver can be rewarding, and gold futures are an easy way to get started.
To invest in these precious metals, you have to either buy the physical commodity, or buy a futures contract. When you buy the physical commodity, it has to have ownership and although the price will fluctuate, your ownership of the gold is final.
Buying a futures contract is similar to buying stocks. It’s just speculation and you do not own the gold but make a profit off of it. The futures contract is a legally binding agreement for the delivery of gold and they determined a future date at an agreed upon price.
The only thing variable is the price, leaving it up to you to take profits when you see fit.
2. Financial education
Investing in your financial education is one of the most important investments anybody can make. It is one of the most simple investments that some people fail to realize is a lot like learning another language where it takes time to fully comprehend and master.
Once you discover the importance of financial education, you will wish you would have started learning much sooner. The problem is that most educational institutions don’t cover the importance of managing your cash flow and the different ways you can make money work for you.
This can lead to many people making the wrong financial decisions and becoming lost in life. The best ways to begin investing in your financial IQ can be by taking online courses, reading books on finance, attending seminars, networking with like minded people, listening to successful people and asking questions. continuous learning is key when it comes to your financial education.
As the world is constantly evolving, and better strategies are constantly being developed. Financial Education is second on our list because of the importance of learning to research and analyze good investments from bad investments, learning to manage your finances and understanding the importance of true assets versus liabilities which might be holding you down.
Having a good financial education will let you begin seeing money as a tool, opening different doors and helping you discover the true potential that you really have.
1. investing in your unique skill
Coming in our top spot for the most simple investment you can make is investing in your unique skill. There are billions of human beings currently living on earth. And the extraordinary thing about that fact is that everyone is unique and different.
Society and the media tried their best to generalize and categorize people into groups, races, classes, but the reality is that every single person is as unique as the next.
Everybody has a certain skill that they are gifted or something they are passionate about. Whether it be writing, drawing, playing an instrument acting, fitness, cooking, designing, teaching, speaking, or even something as simple as being a good listener or telling good jokes.
Whatever it may be, one of the best investments you can make is finding and developing your unique skill to generate income. It’s important to use your financial education to invest in your skill to improve and perfect it.
Not only will you be enjoying what you do, but you will also be generating capital to begin investing and growing your wealth. Many people are pursuing careers they have no interest in or following somebody else’s path, hoping to achieve the same success.
The truth is everybody has something unique to offer the world. And it’s up to you to look inside to figure out what it is you can be developing to be successful in life.
So what do you think of these simple investments? Have you already invested in any of these areas before? Let us know in the comments.