Brought to you by Money Morning:
The past year has been, if anything, hectic. With a pandemic ravaging the world, high-risk investment opportunities, such as the stock markets suffered fluctuations, made it difficult for first-time investors. This period was difficult for many people where some lost their jobs while others survived on reduced salaries. This made people want to invest or have different 2021 investing habits for the little they have in case the world experiences some of these adverse changes again.
Today’s Top Motivations for Investing
People invest because they need security. They need to feel their livelihoods will not collapse in the event of a pandemic or any major world change, so they invest in ventures that can survive and keep them afloat even in the toughest of times.
Others want the same security for days when they get older and can’t work anymore. Their investments will bring in some form of income when they’re not able to work for a living due to age. It’s way better than expecting people to come in and help you when you’re older.
Changes Such as Bitcoin, Dogecoin, Cryptocurrency, Etc.
A few tweets from prominent people have almost single handedly brought down some cryptocurrencies while giving rise to others. This volatility has brought forth a lot of insecurities for people who have heavily mined and built businesses off of cryptocurrencies.
People invest where they see success and with cryptocurrency showing gains, it seems like a viable risk for people to take because if they win, they win big.
Strategies
The internet has opened a portal where people can access all kinds of information. If you want to learn anything about investment strategies, both old and new, you can learn it online.
There are different ways and methods to invest and learning these strategies gives life to the entire aspect of investments. There are online books, master classes, tutorials, and even free university courses that are meant to increase knowledge on investment strategies for those beginning and those who want to grow their investment portfolios.
For Legacy’s Sake
There are examples all over the world of people who invested well in the past and even when they died, their family was secure. Families are able to thrive economically and even in terms of education because their parents and grandparents were able to put money in the right places.
In order to create or sustain a legacy, the right investments are important to families and individuals, hence it’s a huge motivation to invest.
To Gain Power
The right investments give specific individuals or companies the power to make or influence decisions, at least politically. People in the oil and gas industry, in technology, and even cryptocurrency have a say in how money moves and how decisions are made. In order to climb the power ladder, there is a need to make the right investments.
Investment opportunities keep appearing due to the changing times. For whatever investment opportunity you want to be part of, ensure you read up on it thoroughly to avoid losing all your money in the process. Consult with the right people for a better look into current trends in the market, and always conduct proper research before investing your money.
