In general, one of the best ways you can secure your financial future is to invest. The year 2020 came with many ups and downs, and even though we’re round the corner into Q3 2021, the economy is still recovering, and now more than ever before, it’s highly important to focus on long-term investing.
Although investing money for the short term is a great idea, it’s long-term investing where you can meet your financial goals, increase your financial security and build your wealth.
However, no matter what your end goal is, investments always come with a certain set of advantages as well as downsides, and it’s up to you to decide whether the good outweighs the bad.
Three main things you should consider before making any investments are:
- Consider your timeframe
- Make sure to research the market
- Consider speaking to a financial adviser
Today there are multiple ways to invest your money. You can choose the level of risk that you are willing to take to meet your needs. From very safe options to more risky ones, there’s something for everyone.
Finally, probably the best option is to do a little bit of everything and diversify. In this way, you have a portfolio that tends to do well in almost any investment environment, which is a great strategy.
#1 Stocks are a Way to Go in Q3 2021
In all honesty, investing in 2020 hasn’t been so smooth. Whether you are new or already experienced in the market, you have definitely witnessed one of the steepest declines in the stock market in modern history.
Understandably, not all stocks are created equal. There is a massive number of retail investors flooding into the market, and it has been a bit of a wild ride. With that said, there are a couple of stocks you should be looking for in Q3 2021.
First and foremost, with more and more people buying gifts, clothing, groceries, and even medicine over the internet, Amazon stock is one to watch closely. Since June of last year, the company’s stock price has climbed from $2000 per share to more than $3000 per share.
With that said, the e-commerce pioneer has become one of the strongest growth stocks on the market today.
Additionally, with sports betting becoming a gigantic business, DraftKings is in an excellent position to benefit from the shift to online casinos. Many analysts expect sales to more than double by 2022 to reach $1.2 billion.
Finally, if you are interested in investing in the online gambling market as well as having some fun, some of the best casino games can be found at 24kcasino.com.
#2 Real Estate
If there’s one thing that can be said with certainty, it’s that real estate trends come and go, and the housing market is almost always in flux. With different conditions in every state, one can’t bet on things staying stagnant for long.
On the bright side, if you are willing to make time to understand the fundamentals of the market, it will help you stay on top of all possible changes.
Generally, mortgage interest rates play a huge role in the housing market. In January of 2021, fixed mortgage was just 2.74%, up from 3.60% the year before and 4.75% a decade prior.
Real estate is a good investment in 2021 because prices have been weakening since 2017, rents continue to go up, and mortgage rates have come down. Therefore the timing is as good as it has ever been in recent history.
#3 Artificial Intelligence
Undoubtedly, one of the best investments for 2021, besides real estate and stocks is technology, in artificial intelligence. Believe it or not, we’re only scratching the surface when it comes to the possibilities of AI.
Technology is constantly changing and innovating, and with the heated race between China and the U.S in AI, this particular industry should remain a strong investment option in 2021.
Some of the sub-sectors of AI expected to be fast-growing in 2021 are online fitness, dating apps, cybersecurity, and video games.
Artificial intelligence space is most definitely very intriguing, and if you are looking for a company with the potential to dominate its sectors, AI stock is worth a look. At last, this the future, and those investing in AI stock have a great shot at outperforming the market long-term.
Interesting Related Article: “The Development of Artificial Intelligence “