Some of The Best Investments to Make Now
While there is an array of investments options from which to choose, some are unquestionably better than others. Following is an overview of a few of the best investments to make now, along with information on how to turn a high profit when making such investments.
Gold is perhaps one of the best investments a person could make. The value of this precious metal has risen steadily over the decades, and it remains relatively rare, thus ensuring that it will continue to be valuable for the foreseeable future. Unlike paper investments, gold is impervious to economic problems that often cause paper investments to lose their value; in fact, this metal’s value typically rises in times of economic, political and/or social insecurity.
The best forms of gold to invest in are bullion coins, rounds and bars. Bars are for investors who have plenty of cash while rounds and coins tend to be relatively affordable options for investors who only want to purchase a limited amount of gold. Numismatic gold coins, as well as gold jewelry, should be avoided by serious investors, as the price tag of these forms of gold is determined by factors other than the quantity of gold found in the item in question.
Those who intend to sell the gold at a later date will want to purchase well-known bullion coin types such as American Eagles, Canadian Maple Leaf coins or South African Krugerrands. Individuals who intend to store the coins in an IRA account should ensure that the gold coins, rounds and bars are purchased through a custodian after the opening of a precious metals IRA.
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It is important to only purchase gold from an authorized seller such as a national mint, bank or a well-known, certified business that can provide a certificate of authenticity for the purchase. Some businesses of this nature will even store the gold on behalf of an investor, making it easy for a person to keep the gold safe without having to invest in a home safe. Such companies also frequently offer “buy back” services and will purchase gold from an investor upon request. On the other hand, having some physical gold on hand for emergencies can be a wise idea. Those who intend to purchase gold for such purposes are advised to invest in gold rounds, which are small and can be easily traded should the need arise.
Precious Metals – Silver, Palladium and Platinum Investments
Silver, palladium and platinum are not as popular as gold but remain popular and profitable investment options nonetheless. These metals, like gold, have intrinsic value as they cannot be manufactured, and there is only a limited supply available. However, it should be noted that palladium and platinum are commonly used in manufacturing, which means that their value can be determined in part by the performance of the manufacturing sector.
The three above mentioned metals can all be purchased in bullion coin and bar form; silver can also be purchased in round form in varying weights. Once again, a person should choose a seller with care and consider carefully how such metals will be used before making a purchase. Silver, palladium and platinum can all be stored in a precious metals IRA; however, there are IRS requirements as to the purity level these metals must have in order to be kept in a retirement account. Those who intend to buy these metals and then resell them relatively quickly should purchase well-known bullion coins and/or bars that have been stamped with the name of a well-known mint.
Unfortunately, one of the main reasons people lose a significant amount of money on stock investments is that they get greedy. Such individuals are not content with slow yet steady returns and attempt to make even more money by purchasing high yielding yet risky stocks from companies that have yet to prove their worth. However, purchasing the right stocks at the right time (and then selling them at the right time) can be profitable. Stocks are also a very popular form of investment, as there are many companies to pick from and the potential for making a lot of money is quite high.
A person who is considering investing in stocks will need to determine the risk level that he or she can accept. The greater the risk, the greater the potential profit a person may make. However, it is often best to invest in safe stocks that do not yield high returns immediately but pay off well in the long term.
At present, some of the safest high yielding stocks to invest in are consumer and health care stocks. Companies of this nature that have proven their worth include AmerisourceBergen, Baxter International and Quest Diagnostics. Consumer giants such as Comcast, Disney and Mattel are also seen as being good investments, as is chip manufacturer Qualcomm.
While some would recommend investing in retail giants such as Ross and Target, doing so is not the best course of action. The retail sector has been doing poorly over the last couple of years, as is evidenced by the fact that Sears, JC Penny and even many discount stores are finding it hard to turn a profit in today’s economic climate. The fact that consumers are spending significantly less than they used to means that even popular stores may fare poorly in the coming years.
Companies such as Facebook, Google and Apple should likewise be avoided. While the founders/owners of these companies have certainly earned billions of dollars from their work, the stocks from these companies are grossly overvalued. Many investors who have purchased stocks from these and similar companies have been burned when reality came crashing down, and these investments were adjusted to better reflect their real value.
It should be noted that investing even in safe stocks such as the ones outlined earlier is not something that should be done without careful consideration and ongoing research. Unlike the investments mentioned above, the value of paper investments can change drastically and with seemingly little warning. A person who purchases stocks will want to keep regular tabs on their spot value, the company’s quarterly earnings and overall stock market performance.
While there are plenty of investment options to pick from, wise investors will stick with investments that are tried and proven to be profitable. Gold, other precious metals and safe stocks are perhaps some of the best investments that one could choose. While there is no guarantee that a person will not lose some money investing in one or more of the above mentioned options, they are much safer than investing in mutual funds, bonds, ETFs, the real estate market, the Forex market and/or other risky options.
Many financial experts recommend holding diversified investments, as doing so almost ensures that a person will turn a profit on at least one of his or her holdings. This is wise advice; even so, an investor will still want to take some time to assess how much money he or she has to work with and then determine which investment options best meet his or her needs
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