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Which type of investor are you? What is the best investment, and where do you start? There’s a lot of options to choose from. The ones we’ll be covering in the video are stock market, dividends, real estate, bonds, cryptocurrency, and penny stocks. There are a LOT of other ways to invest but these are the major ways of investing that people seek in order to grow their passive income and wealth.
Not all investments are created equal and each caters to a different person with different risk levels and money goals. Index funds typically tend to be riskier but have some of the best rates of return by following the broad stock market. Real Estate requires money and low interest rates but it can grow your net worth by leveraging. Real estate has created more millionaires than any other asset class.
Bonds are the least risky of all. They protect your wealth by giving you returns roughly equal to inflation at 2% per year. Young people in their 20s should not invest here.
Dividend investors have similar returns to index fund investors, except dividend investments are cash flow focused. I consider these to be the best investments that suits my needs the most. The downside is that you need a lot of cash to make passive income. Dividends are also taxed advantageously.
If you want to hedge your investments with an uncorrelated asset class, then cryptocurrency (gold of the digital age) is a good option to explore. The risk vs return is very favorable for investors and crypto enthusiasts who believe that fiat currency will go to zero.
For people who want to make money online, or make money fast, penny stocks are capable but they are extremely unreliable and take a lot of your time. Options are better than penny stocks but extremely difficult to be profitable with consistently.
These are the major forms of investing, and I’d like to cover more in the future.
*Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.