6 Things You Should Consider Investing In Next Year

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This is the time of year when everyone starts to think about things they should invest in next year. Maybe you’re looking for things that will help your business grow or things that will make your life easier. Whatever it may be, there are many things worth investing in next year! To give you some ideas on what to consider investing in next year, here are 6 things below. 

Crypto

Crypto has been a hot topic for a few years now because it is a very smart thing to investing as the market grows every day. You need to do research and find out the current Moonbeam Glimmer APY to see if crypto is the right investment for you. With crypto, there are a lot of risks that come with it but if you’re able to stomach those risks then it could be a very profitable investment in the long run. Always consult with an expert before investing in crypto!

Crypto is a diverse market where you can invest in different coins and tokens. You need to do your own research on which crypto projects you want to invest in, as some are riskier than others. Make sure you’re aware of the team behind the project, their white paper, and what they plan to achieve with their coin or token.

If you’re looking for a less risky investment, then you can always invest in Bitcoin or Ethereum. These two cryptocurrencies have been around for a while now and have proven themselves to be reliable investments. As the market grows, so does the value of these two cryptos, making them great options for long-term investments.

Whatever crypto you decide to invest in, make sure you keep track of its price and how it’s performing against other cryptocurrencies. This will help you make informed decisions about whether to hold or sell your crypto.

NFTs

NFTs are unique in the blockchain world. They are digital assets that can be easily created on top of a blockchain, they have unique properties which make them, unlike any other token or currency. NFTs are tied to something else, for example, you own an NFT representing some physical thing like one share of stock from Apple Inc., this means that if Apple Inc were to do well then your NFT would also increase in value.

There are tons of NFTs you can choose to invest in, and some of the most popular ones are the following:

  • Cryptokitties
  • In-game Items
  • Rare Art
  • Properties
  • Virtual Reality Assets

All these are not divisible, meaning you can’t cut them up into smaller pieces. NFTs are also unique in the sense that they do not have an issuer, which means there is no one entity controlling their supply or where it’s stored at any time. NFTs are decentralized and trustless, which is why they are so popular among the blockchain community.

Making A Diverse Portfolio 

Diversifying your investment portfolio is one of the smartest things you can do to protect your money. By spreading your investments across a variety of asset types, you reduce your risk if anyone type performs poorly. 

There are many different ways to diversify, but one option that’s growing in popularity is investing in a diverse portfolio of cryptocurrencies. Cryptocurrencies are digital tokens that use cryptography to secure their transactions and to control the creation of new units. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. 

Look into what you can do to make sure you have a diverse portfolio in the coming year. Protect your money and give yourself peace of mind by making this important investment.

Real Estate 

Investing in real estate can be a great way to grow your money. Whether you are looking for a place to call home or an investment property, real estate can be a worthwhile purchase. 

This can give you a  lot of returns if done correctly. There are many real estate investment firms that can help you with your real estate needs. These companies will be able to give you advice and guidance as well as the tools needed for real estate investing. 

There is a lot of information online about real estate, so make sure to do your research before deciding if it’s right for you. Make sure to talk to professionals and other investors who have real-world experience in this area. You may also want to consider consulting a financial advisor or accountant about all the options available when planning to invest in real estate. This way, you’ll know what might work best for your individual situation and goals! 

Your Retirement Account 

It’s never too early to start planning for retirement, and next year is a great time to invest in a retirement account. The retirement account you choose should be based on your lifestyle and preferences. If saving for retirement is a priority, the 401(k) plan allows employees to contribute pre-tax earnings while allowing employers to match up to 100% of employee contributions. Oftentimes, there are tax penalties associated with withdrawing from this type of retirement account before age 59 ½ years old or after an employer leaves the company. 

Another great savings method is a Roth IRA which typically offers lower fees but comes at a price, early withdrawals come with no penalty for those under the age of 59 ½ years old although taxes will apply upon withdrawal in addition to any other applicable tax rates mandated by law. Withdrawals must wait until retirement when they can qualify as “qualified distributions.”

An Emergency Fund

You always need an emergency fund. This is especially important if you are self-employed or your job is unstable. An emergency fund will help you cover unexpected expenses, like a car repair bill or a medical emergency.

Ideally, you should have at least three to six months’ worth of living expenses saved up in case of an emergency. But don’t worry if that seems like a daunting task, start with what you can and work your way up.

There are many different ways to save for an emergency fund. You could open a high-yield savings account or invest in short-term certificates of deposit (CDs). Just make sure the account has no monthly fees and offers a decent interest rate.

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Investing in 2022 can bring you a lot of wealth if done right so don’t leave out crypto and NFTs. Make sure to diversify your portfolio and try to get into the real estate game. It’s never too early to invest in your retirement and make an emergency fund to be safe from any unexpected expenses. Do some research and invest away!

The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.