Investing and trading is a very complicated business. For most of us it took courage and a lot of time to decide to invest. And even after the decision is made it is difficult to make up your mind and decide what to invest in. After all there are so many options and each and every one of them might prove to be profitable over time.
So, what are the best assets for long-time investment right now?
1. Stocks.
2. Funds and indices
3. Safe havens.
4. Your career.
1. Stocks.
Those who have been following the stock market for at least a years have probably heard that there is correction on the way. That might bring us more losses than gains as well as pose more threats. But those who want to invest for the long haul are in for a treat as after the correction they are going to have a possibility to buy low and sell high a little bit later.
The main point right now is not to give into your emotions and turn on your trader’s sense.
Here is the position of a very prominent financial advisor and author of several trading books Mitchell Bloom: “Emotions can hinder a good investment plan in different market environments, whether you’re experiencing a bull run where the markets are up, or a bear market where the markets are off 20% or more from their highs”.
But those who are not really comfortable with this high-risk investment can try our second option.
2. Funds and indices
Investing into international funds is perfect. After all individual stocks can be too turbulent and too risky. With funds and indices, the story is a little bit more relaxed – there are several stocks in a fund which leads to mutual support – if one fails, the other one can gain which would not later the performance of the index at all.
Of course it is not to say that we haven’t seen failing indices. Absolutely every trading asset has the possibility to fall and never come back to its previous height. But that is the risk that we as traders are willing to take as soon as we put down our first trade.
So – funds and indices are perfect for those who do not want to suffer from sudden losses and stocks’ volatility.
3. Safe havens.
Yen hasn’t been the most stable of the currencies. It has caused a lot of trouble in the past few years, but in the end the status of safe haven can never be stripped away from Japanese currency.
Swiss franc is one of the most famous under-dog kind of currencies. It is natural to forget that it exists at all but in doing so you deny yourself a lot of earnings and profits. After all it is one of the most stable currencies on the world.
USD. Who knew that the most popular for every-day trading currency can be a safe haven, right? After all we have been trading it so much that it is hard to believe that when times get hard we are not to turn away from it. Even when USD IS the source of those troubles.
These and some of the other safe havens are to be considered as very serious investment options. After all they are the ones that are going to be in high demand when things go from bad to worse.
4. Your career.
Yes, yes. Although not an asset it is obvious – to invest in all of the above-mentioned you need a lot of money. And who is going to earn that money for you? Well… you! You are the one who is to fund your trading account. And proper funding can only be ensured by those with a very successful career.
Plus, it is a perfect way for truly unlocking your potential. All you need is to find your perfect workplace and career that is going to be suitable for you.
So. No commodities?
Well, right now it is hard to say what the future is going to hold for commodities. The situation around oil is too unclear and gold is fully dependent on the performance of the greenback. So trading commodities is left fully to your judgement.
