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There are lots of investment strategies that you can use for growing your cash slowly and steadily. But what if you want to grow your cash quickly? High growth investment options can be a lot more risky but they could allow you to reach your investment goals more quickly. Below are a few different ways to make a fast return on your cash.
When investing in stocks, many people like to stick to well-established and dependable companies such as Coca Cola, Starbucks and Berkshire Hathaway. Such companies tend to grow steadily year-on-year, however it’s more likely to be a slower long-term investment.
Growth stocks can provide a much faster return. They tend to be newer companies within the tech sector or green energy sector. You may be able to double to even triple your money in a year by investing in these companies. However, such stocks are a lot riskier – they can fall just as fast as they can rise. Popular growth stocks include Zoom, Tesla and Square. This guide offers a few more examples. Before you make any investments make sure you do as much research as possible. Following Instagram accounts such as the one from Evolve Bank and Trust can help you to keep up to date with tips and advice about your finances.
Cryptocurrency is a digital currency. Popular examples include Bitcoin, Ethereum and Litecoin. These currencies have only been around for just over a decade and in that time have seen huge rises in value. In fact, if you’d invested $100 into Bitcoin back in 2010, you’d now have close to $48 million.
Investing in crypto has been making many people rich fast. However, cryptocurrencies are incredibly volatile – they can rise or fall dramatically and such fluctuations are hard to predict. There’s no guarantee that Bitcoin won’t lose most of its value in the next 10 years, however it could also continue it’s meteoric rise. You can click here to learn more about investing in Bitcoin. It’s worth diversifying and trying a few different cryptocurrencies to spread the risk.
If you’ve got a lot of money to invest upfront, real estate could be an option. This could include buying property or buying land.
Property flipping is one of the fastest and most effective ways to make a return on real estate. This involves buying a cheap property in poor condition, renovating it and then selling it for a profit. Many experienced property flippers are able to make an 80% return. Of course, there are risks attached, which are definitely worth reading into before you pursue this form of investment.
Do be aware that if you are buying a home, you need to be prepared for all the costs that are included such as the down payment and any additional fees. The best way to handle this is to make sure that you look into seller concessions. These can ensure that it’s far easier to manage the costs.
Forex trading involves buying and selling real world currencies. Because currencies are constantly rising and falling in value, it’s often possible to buy a currency on the rise and sell it for a profit.
It’s possible to make big returns by investing in forex, however this usually involves buying and pairing fairly unstable currencies or taking more risks. For example, events like elections may cause currency values to rise or fall dramatically depending on the result – some forex investors will try to predict the results, investing in currency beforehand in the hope that it then rises.
Start a business
Starting a business is one of the most hands-on forms of investment that you can make. However, if you choose the right industry and know what you’re doing, it can be one of the most secure and fastest ways to make a return. Consider whether launching a startup could be the investment strategy for you.