4 Best Investments For 2019 By Michael Shustek
LAS VEGAS–(BUSINESS WIRE)–With 2018 coming to a close, and mixed signals coming from economic
indicators, it is a good time to plan for investing towards 2019
strategies. Most importantly, since many people are evaluating where to
spend their time, and money, towards investment opportunities it makes
sense to prioritize your investing options.
I’ll provide my Top 4 considerations for anyone who is conducting their
annual review:
#1: Stocks. Maintaining a strategy of dollar cost averaging can take
advantage of rising and falling markets, and the fact is we can’t
predict the future. Although some people may be of the belief that
stocks have reached certain heights at the moment, these remain a top
return on investment. One positive step to make in your stock allocation
is to evaluate your mutual funds’ fee structures. Shift money away from
high-fee funds and into similar funds that offer lower fees. There’s no
reason to weigh down returns with high-fee mutual funds when lower cost
options exist.
#2: Real Estate. Generally non-correlated to stock markets, there are
now many ways to invest in properties. Depending upon your desired level
of involvement and diversification, there are many options available.
Options range from direct rental property ownership to more passive
investment vehicles such as Real Estate Investment Trusts and private
placements. Many people are now realizing the value of diversification
by “pooling” with real estate securities.
#3: Cash. I’m a strong believer that it is imperative to hold onto cash,
allowing yourself to be opportunistic in times of volatility. By having
the ability to deploy cash when an opportunity presents itself, you will
be in a good position for whatever may be on the horizon. With interest
rates on the rise, high-yield savings accounts now offer around 2%,
meaning your cash won’t be completely idle while you wait for the right
opportunity.
#4: Yourself. Adding skills and knowledge can pay great dividends for
everyone. Take an opportunity to grow, provide more value to your
company, add a new skill relevant to an emerging trend in your industry.
This is always the case whether you are a business owner, employee or
retiree – anytime you may improve yourself, simply take that step.
Of course, I personally tend to be conservative when considering
long-term investments and these four strategies are being given based on
my personal experience.
Michael Shustek is an author, thought leader and real estate investor.
He is CEO of The Parking REIT and for more information, visit www.michaelshustek.com
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