You may find certain investments a little tricky to understand, especially when some of them come with a high-risk factor. These investments may seem like a gamble if your research is weak. But you can reap exponential benefits if you understand the markets and keep a long term goal.
In this article, we’ll take a look at five types of investments that you may want to consider. Sounds interesting? Then let’s get right into it.
Gold is one of the oldest investment types in the world, it is still very popular in India. If you’re looking to buy physical gold, you might consider reaching out to jewelers in your neighborhood to see what they offer. Some websites also allow you to purchase online so that they can be delivered straight to your home.
Another alternative is to purchase paper gold through a gold exchange-traded fund. This is a much more popular option, as it is more affordable, and you can avoid any extra selling charges.
While India has had some complicated views on cryptocurrency, it’s safe to say now that it is completely legal after the Supreme Court of India’s orders in March 2020. Now, thousands of Indians are purchasing and investing in it daily, and it’s certainly a booming market.
The most popular cryptocurrency at the moment is Bitcoin. However, there are other options available like Ethereum, Ripple, and many more.
If you want to know how to buy bitcoin in India, try checking out some reputable exchange websites online. It’s a lot easier than you may think.
#3. Real Estate
If you have the big chunk of money to spend, then investing in real estate can be an excellent option for you. By buying up multiple properties, renting them out, or them to sell, you can make hundreds and thousands of dollars.
However, in India, especially, this investment type can be very risky, so it’s worth doing a bit of research first.
When you purchase a stock, you’re making an investment into a particular company so that you can share their profit. It is very risky if you don’t have an understanding of how the stock market works. However, the more you learn, the easier it will become to choose the right companies.
In India, most of the stock trading happens at either the Bombay Stock Exchange or the National Stock Exchange, so make sure you check these out if you want to get started.
#5. Mutual Funds
A mutual fund is a much safer way to begin your investment journey, and in India, there are many to choose from. A mutual fund works by pooling together finances from a number of people to then invest in stocks or bonds. You can also choose to invest a lump sum or set up a SIP, so you have to opportunity to decide what works for you.
And that’s it. These were the 5 types of investments that you may want to consider. Just remember, you should always create a plan before you start, and make sure you seek the assistance of a financial advisor. This way, you can choose the best options to help you make the most out of each investment.