4 Types of Investments That Will Pay Off Years From Now
Types of Investments
Investing money today is essential to setting yourself up for future financial success.
The longer you’re willing to wait, the higher your returns on your initial investment will be.
Here are four types of investments you can buy today that will still pay off years or even decades from now.
Real Estate
Owning income-producing real estate is one of the most historically proven ways to make a good return on your money.
People will always need rental property, and owning a single-family home can produce a monthly stream of income for you in perpetuity.
When you’re ready, you can also sell the property for the equity you built up in it, plus any appreciation that has taken place over the years.
Broad Index Funds
If you want to invest in a simple, reliable asset, consider buying shares of a broad fund that tracks a major stock index.
Index funds buy stock in the companies listed on their index to track the overall growth of that index.
This helps to eliminate the volatility of individual companies and produce steady, stable growth over the long run.
Funds also exist that can optimize your investment for stability, dividend income, and other metrics through the same approach.
Gold
Although inflation has been relatively low worldwide for most of the last 30 years, it’s a risky bet to assume that inflation will never rear its head again.
When currencies or markets become unstable, gold is the default safety net for investors.
Buy gold bullion coins today, and you’ll have a reliable store of value that can protect at least some of your money in the event of future inflation or market turmoil.
Collectible Wines and Spirits
Over the last few years, the market for collectible wines and spirits has exploded.
Investors have made large amounts of money by holding fine wines and premium, limited-edition whiskies and then selling them into the collector market.
While this market may cool over the coming years, it seems likely that the use of alcoholic beverages as an investment tool is here to stay.
While none of these investments will pay for themselves immediately, each of them will generate substantial returns years or even decades from now.
If you’re looking to invest for the long haul, consider getting into one or more types of investments so that you can enjoy greater prosperity in the future.
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Category: Investing
