Every year is a little bit different when it comes to investing your money. Yesterday’s great opportunities are tomorrow’s disaster plans. Even though the market changes and fluctuates constantly, there are still some ways to predict how it’s going to shift actually. We are not completely in the dark here, simply because we tend to avoid the approach that revolves around using a crystal ball and making prophecies. We rely on predictions and prognosis, but those are educated guesses and they differ greatly from just randomly speculating about what’s going to happen.
We will give you some estimations on what should turn out to be good investment plans for 2019. Of course, things are never certain in this type of business, but you can still differentiate between a complete shot in the dark and an estimation based on some clear facts and sound judgments or hypothesis.
Start As Soon As Possible and Gain Experience
If you’re thinking about investing your money somewhere – be that in stocks, gold, cryptocurrencies, coffee and cocoa market, or maybe some other specific tech sectors – the important thing to remember is to start as soon as possible. You want to get your feet wet immediately. That’s the only way you can start building up that much-required experience.
Having substantial practical knowledge in this area is paramount. Every day that goes by without you making this decision is a complete waste of time. You can spend hours, days, weeks and months playing a simulated market investment game with demo accounts, where you practice your decisions while not risking losing any real money. But the crucial thing to realize is that you still won’t be able to recreate the exact, life-like scenarios that lie ahead of you. It’s like wanting to participate in a Formula 1 race while all you’ve been doing to prepare for it was playing a video game.
Instead of practicing on a simulated market with a demo account, you want to start small and start right away. Make small investments, risking only the amounts that you can afford to lose and learn on the fly.
Making a Proper Investment Plan Is Not a Game
Be sure to remember that you’re not just switching from one game (simulated stock market, for example) to another. Because making proper investment decisions is also not a game of poker, like some people are trying to present it. Although there are some similarities and parallels that can be drawn – like the question if you’re going to flinch first or maintain that poker face – generally you want to keep learning the things that are closely connected to that particular field.
Investing in something involves a little bit of luck, sure, but it is also based on good market knowledge and the ability to predict what actually is a good opportunity to invest in or when to withdraw your money. This type of business is also not a cowboy duel, but it does require some good reflexes, the capacity to control your emotions and skills to pull the hypothetical trigger if the stock market is too volatile and fickle.
Diversification Is a Key Word When It Comes to Making Any Good Investment Plan
There are many different opinions on how to approach certain things when it comes to making investment plans – should you sit still on the sidelines, not making any rash decisions while the stock market is volatile or should you react and try to save what’s left to be saved, etc. But what almost everyone agrees upon is that you need to diversify. It doesn’t only mean that you should invest in various companies across markets, but in different sorts of things and across continents, countries, and currencies, as well.
For example, you’d want to simultaneously invest in China’s stock market and the cannabis stock sector. You want to find the highest probability of generating income based on some of the top investing opportunities.
Which Sectors, Markets, Assets or Stocks Give the Highest Probability of Generating Income?
Based on some researches and studies, the answer to this question would have to contain instances such as the price of palladium, silver miners, the price of coffee, the cannabis stock sector, etc. And even though these systematic investigations and studies of various materials and sources are indicating growth in these fields and areas, you still don’t want to make any strong bets.
Like we’ve mentioned earlier, you want to examine the market closely and react when the opportunity presents itself, but you also want to be aware of the fact that other chances and occasions are always rising. You don’t want to blindly follow the rest, because often times when something creates such a big boom on the market (like cryptocurrencies in 2017, or 3D printing stocks in 2013) it’s already an indication that you should withdraw your money. Remember: you want to be ahead of the pack, not just running with them or following their well-established but often risky routes.
Sometimes controlling your emotions might be the biggest challenge and obstacle in this line of business. With so many different variables and inconsistencies out there, we know that it’s not the easiest job in the world. It can be stressful and overwhelming at times, but you need to train yourself to be ready and stay focused. That’s why it’s momentous to start off as soon as possible. 2019 could be potentially proven to be a great year for making investment plans – even more, when you take into considerations that 2018 was the most volatile year since 2015.
We all hope that we’ve learned from some of our past mistakes. Invest wisely and don’t just think about making quick profits, but think about the future. Make good, sound assessments, based on thoroughly conducted market research. At the same time, avoid making any rash decisions – be patient, no matter how nerve-wracking it might be. On top of that, diversify as much as you can and 2019 can be shown to be a great year for investment in retrospect.