{"id":217064,"date":"2021-02-21T13:18:46","date_gmt":"2021-02-21T18:18:46","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=217064"},"modified":"2022-03-16T14:06:54","modified_gmt":"2022-03-16T18:06:54","slug":"investing","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/investing","title":{"rendered":"Best Investments For 2022 – Where To Invest Money Now?"},"content":{"rendered":"

With uncertain times ahead for the financial markets space, \"\"<\/a>knowing where to invest your money can be a huge headache. In fact, there are literally thousands of investment products and services to choose from, each with their own underlying risk levels.<\/p>\n

To help you along your way, we are going to discuss some of the best investments for 2024<\/strong> and beyond.<\/p>\n

Before we get started, let’s take a look at what makes a good investment.<\/p>\n\n \n

What makes a good investment?<\/h2>\n

In its most basic form, the overarching aim of making an investment is to increase the value of your wealth. At an absolute minimum, this would need to grow at a faster rate than that of inflation.<\/p>\n

With the interest rates offered by banks now at record lows, keeping your funds in a basic savings account is no longer viable. In fact, the real-world value of your money will decline.<\/p>\n

For example, if you held $10,000 in a basic savings account that paid an annual interest rate of 1%, then your original $10,000 would be worth $10,100 at the end of the year.<\/p>\n

However, what if inflation grew by 3% in the same period? Essentially, although your $10,000 would be worth 1% more, when you factor in the 3% inflation rate, you’re effectively 2% worse off!<\/p>\n

As such,  when asking yourself what is the best investment, it needs to be a financial instrument that not only protects your wealth, but helps it to grow.<\/p>\n

\"\"<\/p>\n

On top of this, the best investments also ensure that risk  levels are kept to an absolute minimum, with respect to the amount of growth that is expected.<\/p>\n

In the financial world this is known the ‘Risk vs Reward’ model, and essentially means that the more risk an investor takes, the more profits they should be rewarded with.<\/p>\n

Otherwise, there would be no point in increasing the underlying risk.<\/p>\n

As such, the best investments are those that cater directly to your appetite for risk. While some individuals view the best investments as those that offer super low-risk levels that yield low returns, others opt for high risk levels that will potentially yield really high returns.<\/p>\n

So now that you know what makes a good investment, in the next part of our guide we are going to discuss 15 of the best investments for 2024 and beyond.<\/p>\n

New forms of investment in 2024 – investing in NFTs<\/h2>\n

The buzz around NFTs can be understood from the fact that even Collins dictionary has declared it as the word of the year for 2021. In case you don’t know much about NFTs, you can understand it in form of the unique and non-interchangeable data units, which are kept on a digital ledger.<\/p>\n

The NFTs are linked to objects such as films, audios, photographs, and other media. Anyone who purchases NFTs gain public proof of ownership through the application of blockchain technology.<\/p>\n

Any form of a digital file, such as images, audio, movies, GIFs, tweets, art, and even memes, can be made an NFT. Therefore, if you have any item that has value, you can earn the value for your creation by making its NFT on the blockchain.<\/p>\n

The thing which makes NFTs special is the alternative model of ownership that allows content creators to have complete control over their art. They can share and utilize their NFTs across many platforms, and still remain the owner of art until they are sold.<\/p>\n

Further, as an artist, you can connect with buyers easily through the use of NFTs. Creators can get the payment from the buyers in a transparent and trustless manner, eliminating the need for intermediaries and middlemen.<\/p>\n

\"NFT<\/p>\n

NFT is supported by Blockchain<\/em><\/p>\n

Moreover, considering the fact that NFTs provide the artists to make good money out of their art, its popularity will continue to soar in the years to come.<\/p>\n

Though there are concerns about the negative effect of NFTs on our environment, with the shift of Ethereum from the proof-of-work (PoW) consensus model to the proof-of-stake (PoS) mechanism, this concern will get sorted due to the decreased energy consumption of an NFT transaction.<\/p>\n

Overall, NFTs are a potentially a good investment<\/a> for all crypto lovers and those who are interested in movies, sports, and art in general. Given the fact that the value of this industry will increase in the upcoming times, it is advisable to buy NFTs<\/a> of your favorite art, and then send it at a profit later on.<\/p>\n

What are the best investments for 2024? Top 15 asset classes<\/h2>\n

In order to point you in the right direction, we are going to explore 15 of the best investments in terms of the underlying asset class. This will give you the opportunity to explore the financial product in more detail, and subsequently allow you to make an informed decision at to the best investments for your individual needs. Take note, these are in no particular order.<\/p>\n

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1. Cryptocurrencies<\/h3>\n

\"Bitwise's<\/a><\/p>\n