Photo by Shantanu Kumar
Some people tend to think big when it comes to investment. They believe in a high return. The story of high returns is often associated with the stock market and, now, with cryptocurrency trading. At its peak, crypto prices can skyrocket, helping people build their fortunes. However, this situation will not remain the same for long. Crypto has been reported as unsafe because certain malware can penetrate blockchains and steal large amounts of crypto. For example, the report from Steven Vass mentioned that certain rogue nations and terrorist organisations have used crypto for money laundering programs or to buy weapons without being identified by the allies’ intelligence system. If crypto undermines the national security of the superpowers, it would not be long before new restrictions and legislation are issued to curb its detrimental impacts.
Nonetheless, the stock market, though it is safer, is not a game for everybody. Investing in stock markets requires the ability to analyse financial reports, global trends, and other factors, as well as the necessary experience and the right mentality. Among traders, the stock market is not considered a safe choice, except for blue chips. Some say that doing business in the stock market is not much different from being a speculator. Things that were once considered investments can turn into a full-time job.
More Options
People who want a comfortable investment with promising returns can choose bonds instead. Bonds, especially government bonds, give you the safety that you need. With returns of 6 to 10%, it won’t make you a tycoon in one night, but it will surely help you be ready for your retirement plan. To get bonds, you do not need to analyse things too deeply. As long as your country is not collapsing, your money is in safe hands.
The next choice is mutual funds. By choosing mutual funds, you let an investment manager manage your investment. You might need to know which mutual fund is credible and trustworthy with your money. Once you have enough information, things are much easier. From mutual funds, you can get two benefits. First, from profit sharing, and secondly, from the growing values of your units.
Natural Selection
Clearly, if those financial products are not convincing enough, the shape of your simple investment might come in the form of cattle or livestock, such as goats, sheep, or cows. Those animals can reach their top price during Eid al-Adha. If you think that you are not good enough at rearing animals, you can entrust your cattle to farmers. Later, you can pay a fee to take care of the cattle, and once the transaction is finalised, you can share profits.
Some people do even further by doing ‘Nggadoh’ke. ‘Nggadoh’ke means you let other people rear your cattle and livestock, making the failure avoidable since people who rear your animals are usually experienced and know how to deal with cattle and livestock. The return on the investment can be even bigger than if you were taking care of your own.
In the end, it does not matter what kind of investment you are willing to take. Foremost, you should feel comfortable with your choice and not let people dictate your strategy and expectations.
