If you’ve only recently embarked on your investment journey, chances are you’ve only experimented with one approach so far. However, relying on a sole investment strategy seldom results in substantial wealth or financial stability. Our global environment is unpredictable, and the American economy, currently in its third longest expansion in US history, has been stable for over 94 months post the worldwide financial crisis. Even without a precise predictor of when an economy will collapse, alarm bells could be ringing for a potential market correction given soaring prices in the equities market and a perpetual risk of political instability. It’s prudent to broaden your investment strategies to navigate these uncertain times. Let’s explore a few suitable options.
Foreign exchange (Forex) offers an appealing avenue to augment your wealth, undeterred by the state of global markets. Forex provides the advantage of making remarkable returns without the necessity of owning anything; even a slump in a global currency doesn’t translate into a financial loss, as long as you don’t own that currency. Investors today cleverly capitalize on their insights for massive returns in the Forex market, regardless of real-world conditions. Forex can even provide easier money-making opportunities during economic downturns by making swift predictions about the declining value of one or more currencies. A range of tools, like ConnectFX’s comparison chart, can assist you in choosing the best Forex brokers.
Consider Bonds. They may not be the most attractive investment option usually added to retirement accounts, but don’t be miscalculated by this common misconception. In certain economic scenarios, bonds can potentially yield higher returns than equities. It’s critical to gain knowledge about investing in bonds because relying solely on stocks could result in substantial losses during a market correction.
Now, let’s talk about Real Estate. Amid the current market bubble, where stock prices are bloating above their actual company value, real estate, particularly single-family homes, are gaining popularity as a top investment choice for 2017. Real estate can be a smart choice depending on your market, especially if the rental market is robust or the property’s inherent asset value (relative to its location) is bound to be high, irrespective of the economy’s condition.
