Last updated on May 5, 2020
While 2020 looks to be defined by the COVID-19 outbreak, it’s also an incredibly interesting time for investors. With the markets sure to reach a state of flux — with many contracting over the year and years ahead —it’s perhaps time to look to other investments or non-traditional portfolios to boost returns on your investments.
In this article, we’ll look at three such investments that you should make this year to capitalize on your current wealth and adjust your investment strategy in light of the pandemic that the world is currently emerging from.
One of the safest bets in the modern world is to invest in property, either in the form of existing properties that are coming to the market in this time of uncertainty, or in entirely new builds. The latter offers a far more exciting turnaround for your investment, as you’ll be able to get a home construction team working on your home throughout the duration of the summer.You’ll also be able to shift it on once the worst of the pandemic is behind us.
By investing in property, you’ll be making a smart move into the world of physical assets when the money markets are looking unstable and when even commodities that could once be relied upon, like gold and crude oil, are looking like dangerous investments.
You only have to look at the stocks of Amazon and Zoom to see who the big winners are from this pandemic. Indeed, as the world emerges from this crisis, we’ll still be left with some of the habits we picked up from the lockdown, including the new apps we used to communicate, the new software we downloaded to work from home and the new online stores we ordered food, drink and other commodities from.
As such, placing an investment in the tech sector should be a promising and simple way for you to get you cash back with significant gains in the months and years ahead. By investing in tech, you’ll also be helping to drive the digital revolution forward, which is just what the world needs in this state of lockdown and home working.
Finally, much has been made of the climate emergency in recent years and this is making consumers, governments and businesses sit up and take notice. Many consumers want to see the end of wasteful business practices and the advent of a new way of living in the world. This starts with the energy that we use in our everyday lives.
As such, one of the smartest investments you can make in the modern day is around green tech. You can invest in a wind farm or in the facilities that make components for solar panels. You can follow the mines that produce the materials for car batteries and invest there. This is going to be a sector that grows exponentially, so it’s the perfect time to stake your claim to it in 2020.
Use the three tips outlined above to store your cash in safe assets as the world rides out this difficult health and financial crisis throughout the remainder of the year.