It can be safely assumed that not one business had it easy this year. With everything that was going on with the economy nobody had it easy and for the most part many of the investors took their assets and kept it for the sake of seeing better days.
Many investments came to a halt during these hard times but one trend that stole the spotlight was that at the first half of this year, many investors began funnelling assets on new areas. One thing that was made apparent this year is that fear, panic, and negative outlook does not generate profit. Here are some of the top investor trends this year that might help you in your investment plans.
Stocks and Trading
One of the biggest trends for millennial is to venture into stock trading. Although many seemed to have little knowledge over it but because of the opportunities presented by mobile apps which gives simple and unsophisticated approach into stocks and trading, many young professions became interested in it. Also, with the advent of mobile banking, young professional was made interested on these things because it is easier to join and invest in it with just simple clicks.
One of the most stable investments would be the real estate. Ever since time in memorial land has been one of the most valuable assets that man has because in it anything can be developed from commercial to community. When one buys a piece of land the value that they acquired it with will not be the same as the value that it will sold to many years later. Many mortgage broker had it big on the first part of this year because there seemed to be a pattern of buying and selling coastal and country real estate properties away from the congested city.
Farming and Agriculture
When the pandemic hit one of the worst hit businesses were the one who did not offer essential goods and services, while those businesses who did, tend to profit more from this pandemic. The common factor here is that during the pandemic many people chose essential goods and services to purchase rather than non-essential ones. Thus, farming and agriculture saw a rise in investments this year. Even overseas workers came home to their countries and started small agricultural farms when the pandemic hit their companies and forced them to stop operations.
With its erratic trend crypto currencies are still one of the most invested areas during the pandemic. The idea with it is that these crypto trading platforms offers an ideal low-cost way of trading and earning even if the exchange tend to become erratic and unpredictable at times. It was also made popular when billionaire Elon Musk encouraged everyone to invest in crypto, many followed suit and many also lost because they did not have any background knowledge on trading crypto currencies.
Ideally, it does not matter on what state the world economy is in, one should always look for ways to invest no matter how small or passive that investment is.