Almost everyone’s cup of tea these days is about having a comfortable life in the future, where the needs are not the only thing being on the list but also the wants comes easily at hand that’s why some people keep on grinding tirelessly on their work. But for those people who are having just enough for their daily expenses, saving is not a long-term solution. Therefore people become smarter in finding ways on how to grow their money. Here is where investments come into place. As of present, there are lots of investments around and accessible for everyone, the only case is one should take a lot of precautionary measures before taking some actions.
It is vital and very important that before investing in something, one should first does a lot of research and digging about their preferred investment and also must have risk management when the worst-case scenario occurs. These are just two of the things you must have when you are planning to invest but learning is continuous.
If you are someone who really has enough or a lot to invest, the questions that may be circling around your head when this topic is discussed would be – first, where to invest, second, how secured will your money be in this kind of investment, and third, how much capital do you need to start with the investment you are eyeing.
Two of the most accessible investments at present are Non Fungible Tokens or NFTs and Real Estate. Aside from being the most accessible, these two are also the most conversed. And if you have a curiosity about how they work, here are some facts that may guide you.
NFTs or Non-Fungible Tokens
NFTs are crypto assets or easier said digital collectibles that have unique digital ownership and have a value that changes over time. Unlike what many known as BTC or bitcoin, which operates as currencies and are fungible and interchangeable, NFT is a one-of-a-kind trading card that acts as a blockchain for trading cryptocurrencies such as Ethereum, bitcoins, and dogecoins. NFTs can be any digital art form (such as image, music, application, etc.) that anyone can make and sell and make money through biddings. In more simple words, it operates as fine art buying, selling, and collecting, only in digital forms.
How can one invest and make their money grow with these NFTs?
In the sense of trading, NFTs can be a really good investment for collectors since they offer a unique quality. Just as Twitter CEO Jack Dorsey made the news of auctioning off NFTs, many consumers and investors are clinging to this kind of trade because of their accessibility since they are easily available on many cryptocurrency exchange platforms such as Binance and some marketplaces such as OpenSea, Rarible, SuperRare, etc. All you have to do in making your money grow in this investment are as follows:
- Set up your crypto wallet compatible with Ethereum.
- Choose the marketplace you want to buy your NFT from.
- Register an account on your chosen marketplace.
- Connect your wallet to the marketplace.
- Browse and find the NFT you are eyeing to buy. (Some marketplaces have an option for auctions where you need to bid for the NFT you are buying)
NFT investing has become prominent these days because one can start up with a smaller investment capital than other investments. But even with its unique qualities and value that may carry a really good price when selling it to passionate collectors, there is no assurance that every NFT that one can invest in may appreciate over time. Some traders opt to invest in some NFT play-to-earn games that tokenize cryptocurrencies but their prices don’t always hike, therefore, one should always carry a risk management plan in mind.
Real Estate
On the other hand, as one of the most common types of investment that has never been old, it is always easy to invest in real estate.
Investing in real estate involves purchasing, managing, and then eventually renting it or selling it to prospects for profit. There are so many ways to gain from investing in real estate.
Real estates are properties, such as lands, houses, buildings, and condominiums. All real estate properties appreciate over time most especially in places with high demands of migrations. To cater to the demands of this kind of investment, there are now a lot of real estate corporations that will surely help and guide you if you wish to start growing your money in this investment. These corporations will be helping you from looking for the area you wish to build or buy your properties on, to processing all the documents and permits needed in the acquisition, to planning, designing, and building your property, and finally on putting gain or profit by either renting it or selling it to prospected customers.
Also Read: Why Do People Invest in Condominium?
By investing in real estate, you can earn in many different ways. One, you can be a landlord where you can earn by collecting rent. You can charge rent depending on the demand for housing in the area but you also have to make sure that you will not charge too much so you can attract tenants. All you have to do is be responsible for settling the mortgages, improvements and renovations, insurance, and maintaining the property. Though it may really cost in the beginning, as much as tenants are well taken care of, you may have a short time to have your investment returned or even just another equity to invest again, and all the rest may be your passive income. Two, you can opt to buy a property and sell it with rightful gain since most of the time, properties’ values are appreciated.
Since demands of migration becomes higher and higher in many different parts of the Philippines most especially those in places that opens a lot of opportunities in businesses and employment, many real estate investors choose to invest in condominiums in places such as in Baguio where tourism is really growing due to its climate and views, and in some part of NCR such as Manila, Pasig, and Quezon City where businesses and employments have a good stance.
There are really lots of ways where you can grow your money, but we always have to keep in mind that investing is a risk on all sides. Thus, we should always know the pros and cons of where and how we all want to grow our assets.
If you are thinking of moving into a new condominium, check out Vista Residences!
Vista Residences is the condominium arm of the country’s largest homebuilder, Vista Land & Lifescapes, Inc. that offers ready for occupancy and pre-selling condominium projects in Manila, Makati, Mandaluyong, Quezon City, Ortigas, Baguio, Cebu, and CDO that are strategically located within major cities, in close proximity to premium universities, transit-oriented locations, and developed business districts.
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.
