Investing is the best way to increase your net worth over a long period of time. There are many people who are interested in investing but do not have the background knowledge that is necessary to do so at a high level. If you are interested in investing for your future, it is best to do some research on the front end. This will help you to limit your overall mistakes and risks with your investing strategy. Here are several of the top investments from 2015 and how you can learn from this past year.
In many areas of the country, housing continues to remain very strong. There are many cities where houses have increased in price by double digits over last year. This is important to remember because many times when thinking of investments people only think of the stock market. Housing is traditionally one of the best investments that anyone can make in their financial life. Over the long term, housing prices tend to go up faster than inflation.
Amazon continues to shake up the retail space of countries all over the world. More and more people are starting to get their products off of Amazon for many reasons. Not only is Amazon convenient, but the site is also less expensive than many other places. With its membership service, Amazon Prime, users can have free two day shipping on any products from the site. This is an important consideration for anyone to consider when purchasing products for their home or business. The stock price of Amazon has continued to increase almost every month of the year. There are even many people who are thinking that in 2016 Amazon could see another huge year.
Another avenue for people to start investing in is online lending. This is an area that has grown exponentially over the past couple of years. Online lending allows people from all over the world to come together and offer up money to help people in less fortunate situations. There is often a high interest rate paid on this debt simply because the lending is so risky. Over a long period of time, people can generally earn a nice return on the money that they lend out to other people. Always keep this option in mind when you are deciding where to invest your money in the next year.
David Milberg is an investment banker from NYC.