The year 2018 is a very interesting year for people who enjoy studying the markets and making money off of them. There is a lot that has happened in the previous year and even this year which has caused a shift in the way that people invest their money. While a lot of people made and lost a lot of money over the last 12 months, it is the lessons that we learnt which remain valuable.
From these lessons, we have managed to come up with a couple actionable investment tips for investing in the future. The tips listed below are not in any particular order. And this is not the end-all of investing. Rather, these are some pieces of advice that every investor needs to have at the back of their mind. Even if the suggestions do not apply to your specific portfolio of investments, they will add to your knowledge stream.
Tips for Investing in 2018
1. All investments are long term.
This is regardless of whether you invested your money so that you can leverage a market situation to make money in the short-term or you are saving for your child’s college fees. We have discovered that blue chip companies like Facebook can suddenly drop several points immediately due to a scandal. And we have seen the Bitcoin turn many people into instant millionaires, like at casinos online. Likewise, a lot of people lost their millions overnight due to the fall of the cryptocurrency.
2. Bitcoins vs Gold.
This is one of the newest investment decisions that everyone who is in it for the long haul needs to make. Gold has always been a secure reserve currency throughout the ages. The mineral has come to have identifiable seasonal ebbs and flows. This makes it very predictable and a good long-term investment.
The Bitcoin is the newest currency of choice in the world. It is no longer a shady currency that is used for backroom online transactions that are not supposed to be seen by authorities. The obvious benefits that include cheaper transaction costs have made the currency popular online and at land-based businesses.
