Do you hope to steer off the conventional way of thinking that has limited most individuals' understanding of investment to just the money markets and real estate? Consider opening your mind up to exciting opportunities that don’t call for massive investments, like the popular foreign direct investment. Ideally, most of these ventures only need a small capital injection, personal effort, a fair deal of patience to watch them blossom and tear into profitability. If well taken care of, these investments in a less competitive industry can overtake the most sought after real estate and money market investments in terms of return on investments. These surprisingly good investments include:
1. Invest In a Robo-Advisor
Are you incredibly busy pursuing a career or other aspects of life but still want to make a decent passive income out of your savings? Invest in a robo-advisor. This refers to a digital investment platform that invests your money into different mutual funds. In this case, how much you make from a robo-advisor solely depends on your initial investment, your risk tolerance levels, and chosen portfolio.
2. Redistribute Entertainment Merchandise
Almost every movie blockbuster being released today provides the market with more than just a new story. It also brings in a new culture by selling the merchandise associated with the characters. This entertainment industry niche is fast growing, and you might be surprised at how fast some of the popular merchandise sells.
You only have to learn how to spot popular brands like the spider Gwen figure, an adaptation of the Spiderman films and capitalize on its distribution. The investment is also pretty solid considering the fact that the entertainment industry is here to stay.
3. Peer-to-Peer Lending
The last thing you need is lending to friends and charging them interest. While this business idea may seem tempting, lending to friends and colleagues continually features on the list of factors prompting disrespect among friends. Peer-to-peer lending platforms have, however, made this easier by connecting lenders to borrowers online. You get to invest your share of capital to a system that lends this sum to borrowers who then pay it back with interest. Interestingly, you can invest from as low as $25.
4. Invest in an Online Course
For centuries scholars have hailed investing in oneself as the biggest investment one can ever make. But this doesn’t necessarily refer to getting back to class. The proliferation of online programs both for free and at ridiculously subsidized rates grants you the freedom to learn numerous life-enhancing courses.
Consider investing in one course that you can convert into a profit-making business such as writing computer programs, learning virtual assistant skills, or even knitting. A course that equips you with employable skills and gives you an edge over the competition in the employment industry should also fall in the investment category.
5. Invest in High-Yield Savings Accounts
Most individuals always have their money and even savings lying around current accounts even when they don’t hope to use the funds in the foreseeable future. And while this cautions them against extravagance spending, it doesn’t help that these accounts don’t earn them an income. Save your money in a high-yield savings account and earn interest. While most have a minimum saving amount of $100, they are free to open and are covered by the FDIC insurance.
6. Settle Your Debts
Have you ever considered paying up your debts as an investment? Ideally, the money you borrow often costs you interest. Settling your debt today instead of waiting for the loan to become due either eliminates the interest charges or lowers it significantly in the case of compounded interest. Therefore, how much you save in terms of future interests by settling a debt can be categorized as the returns for the money spent.
The general rule of the thumb in the world of finance is that how much you earn from an investment depends on your stake. A little effort and patience, however, go a long way in altering these natural laws and guaranteeing more meaningful returns on any investment.