Are you looking to start investing?
First off, congratulations! At a time when most American workers are living paycheck to paycheck, having an investment is an ideal way to boost your income.
However, it’s one thing to want to invest, and it’s quite another thing to find the right investments. Needless to say, if you get it wrong you risk losing your money.
Talking of risk, did you know there are high-risk investments that can double or even triple your money?
Ready to learn more?
1. High-Performance Stocks
Did you know people who invested $1,000 in Amazon about a decade ago are millionaires today? That’s right! That investment is now worth slightly over $1 million dollars.
Clearly, investing in the stock market can deliver good returns. But it’s not just any stock that will make you rich.
If you want to make a killing in the stock business, you’ve to focus on finding high-performance stocks, buying early, and playing the patient’s man game. This means staying abreast of IPOs and figuring out which companies have the biggest growth potential.
Bear in mind, though, that a stock market crash or if the public company you invest in fails, your investment could be wiped out.
In July 2010, you needed about $1 to purchase 1 Bitcoin.
If you took the leap then, the value of your investment would have shot to about $20,000 in December 2017! Although the cryptocurrency is currently hovering around $3,500, it’s still one of the high-risk investment with great returns.
What’s more, there are tens of cryptocurrencies – some relatively new to the market – so you can do some research and have your pick.
To invest or trade in cryptocurrency, you’ll need to use a reputable crypto exchange. Check out this list of crypto exchanges before proceeding.
3. Angel Investing
If the extremely volatile nature of the stock and currency markets isn’t good for your adrenaline, then perhaps you can become an angel investor.
Angel investing involves finding startups with high-growth potential and funding them in the early stages. If the startup lives to its promise and becomes a large corporation or goes public, your investment will be worth a lot of money.
That said, there’s no sure way of telling whether a startup will succeed. Considering that 30 percent of small businesses close shop within two years, there’s a chance your investment could go up in smoke.
To mitigate risk and increase return potential, angel investors typically come together to create a pool of funds. Professional managers are then appointed to manage the fund.
4. High Yield Bonds
Bonds are a form of debt. When you buy a bond, you’re essentially loaning money to the issuer, who may be a corporation or government entity. The issuer promises to pay back the principal amount, along with regular interest.
High yield bonds work in the same way, only that they are, well, high yield and high risk. These are typically issued by foreign governments or high debt companies and can increase your investment by up to 20 percent.
High-Risk Investments: Bust or Boom
A high-risk investment can offer your great returns or lead you to great losses. The options fleshed out above are all ideal, but you have to find one that works for you.
And remember, the key to making the most of high-risk investments is patience. If you’re looking for a get-rich-quick scheme, these investments aren’t for you. You’ll certainly make hasty decisions that could cost you your money.
All the best, and keep tabs on our blog for more money and investment insights.