We are all on the lookout for the unicorn which will transform our finances. For years, people have invested in every idea under the sun on the off chance it will make them a millionaire. Sadly, this hardly ever works because the risks are too great. Anyway, the Hail Mary pass is a long shot. The trick is to invest consistently over a period to minimize the hazards. Then, you can accumulate money over time and build up a strong portfolio. With that in mind, here are the investments of 2017 that you might want to check out.
In essence, index funds hold stock in indexes which include a host of companies. Some, for example, offer stock in firms such as Microsoft, Apple, and Facebook. As these are high brand names, the returns tend to stay constant and don’t drop off a cliff. Yes, the returns are not great because it is no secret that the top companies are doing well. But, before you dismiss it, you should know that Warren Buffett himself is a fan. When it comes to low risk, he believes that is the key to success, and who is going to disagree?
The banks had it bad in the past, but they are coming back with a vengeance. The reason is the lowering of regulation. Since Trump came to office, for example, the S&P Regional Banks Fund has increased by over 20%. And, there is still room for investment because a lot of the banks are still not valued correctly. It isn’t just in the US where banks are surging because France is following suit. With the election of former banker Macron, there are bound to be plenty of opportunities for you as well as them.
Bitcoin has been around for a while, so it isn’t an unknown quantity. Still, it has never been as lucrative as it has been today. The reason people are ready to buy Bitcoin with credit card fast is the current climate. Even though the banks are fighting back, no one knows what the future holds. The best thing about this alternative is that it has no links to traditional finance. Therefore, a crash on the stock market would not affect its value. If anything, it could increase it and make it more valuable. For the non-believers, remember that Bitcoin soared in 2010 and it has been flying ever since.
It sounds corny, but none of the above will have a healthy return if you don’t believe in your abilities. Okay, so you are no Tony Robbins, but that doesn’t mean you can’t be successful. The key is to focus on the things you can control and forget the rest. One thing you can control is yourself, and you can improve you by investing more time. Once you begin to add value, the investments you make will start to pay off as you are the key to success.
Nothing is guaranteed, but the above have low risk and big returns.