With 66% of adults under 30 saying that investing in the stock market is scary or intimidating, it should come as no surprise that many of them don’t know where to begin when looking for investment opportunities. Emerging technology has also added more speed and efficiency to the trading market, which makes it even more difficult for beginners to get antiquated. However, with some discipline and a firm understanding of the technology that’s changing the finance world – there are a number of smart options for first-timers to start making an investment portfolio.
Finding Stable Investments
One of the keys to making a smart investment is finding a company or commodity that has a proven track record of stability. These are difficult to come by and are often expensive investments to make, but usually prove to be worth the cost. One smart and affordable investment option that’s withstood the test of time are precious metals like gold and silver. According to Money Metals Exchange, buying coin commodities is a great way to diversify your investments. Not to mention that the value of gold often goes up during times of recession, thus ensuring you still have an asset to sell if the economy goes flat again.
Keep Your Eyes to the Future
It’s all too easy to get caught up in the latest investment hype and trends, but by the time these stocks are popular – it’s often too late to make any real money. Unless the investment has a stable track record, it’s smart to avoid it. There are however, industries that are up and coming, that will be surefire money makers in the future.
Artificial intelligence, cyber security, and cannabis are all growing rapidly and providing savvy investors with loads of opportunity. With new fields like cannabis, it’s still quite easy to make investment mistakes, despite the growing acceptance of the substance into mainstream culture. So make sure to take a significant amount of time to research and weigh the options before making the decision to invest. A general rule of thumb when looking for investment fields is to see what kinds of technology (and the companies that produce it) will be most relevant or lucrative in the near future.
By its very nature, making investments is a risky endeavor. In order to minimize some of that risk, it’s important to have your finger on the pulse of the investment world. Know how to identify stable stocks like gold, and don’t be afraid to take a chance on an emerging market like the cannabis industry. The more investments you make, the more you will learn how to play the game, and with a bit of luck you will be well on your way to generating significant wealth through your investments.