Finance

New Ways to Grow a Small Sum of Money in 2018

If you have a small pool of fortune that you hope to invest for future retirement, there is no better time to do it than 2018. In the world of investments, it can be challenging to choose the tool you want to put your money into.

Fortunately, in the past couple of years, we have seen the emergence of new ways for people to invest and make a handsome profit.

These methods are easy to do, and best of all you don’t require a family inheritance to go in. If you have money that you wish to grow, here are 3 of the best ways to grow your money.

Grow a Small Sum of Money in 2018

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1. Cryptocurrencies

Cryptocurrencies are changing the world – and there is no denying that. People are gravitating towards the technology behind blockchains as it allows for new possibilities. But many are wary of the potential bubble burst when it comes to the crypto world. That’s why you shouldn’t place your money in volatile unknown coins or tokens. Safe bets in the cryptocurrency world are Bitcoin, Litecoin, and Ethereum.

Using leading crypto trading platforms such as Bitcoin Loophole you can in different types of cryptocurrencies such as Bitcoin and Ethereum, and automate the entire trading process, with as little as $250.

2. Peer-to-Peer Lending

An excellent place to park your extra cash is in peer-to-peer (P2P) lending, such as the Lending Club. The idea is to loan money to small companies and startups that require capital to achieve their business goals.

Becoming a p2p investor lets you invest in other people’s hopes and dreams. The best part about p2p is you do not need to put in a large amount of money. P2P lending allows several investors to pool their resources together to lend a single company, like a crowdfund. Although you can usually lend as little as $25, you would need a minimum of $1000 to open an investor’s account.

3. Property and real estate

Real estate has always been (and still is) the best way for holding and growing capital for a long term.
In the past, you would usually need to get a hefty bank loan or a large sum of cash-on-hand to be able to get into real estate investment. Nowadays, investing in property can be simple with real estate investment platforms such as Fundrise.

This platform allows you to start investing in property for as low as $1000. Similar to p2p lending, a single property can be co-owned by several different investors. But you won’t be able to choose what property to invest in.

Invest wisely now to reap the benefits in the future

The future looks bright for the world of investing as we see should see even more groundbreaking methods in the near future. It’s incredible to see how technology today has allowed new ways for investors to quickly grow small amounts of capital, which wouldn’t have been possible a decade ago. Just remember to do the proper research before you invest any sum of money, no matter how big or small.

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John Brown

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