Top 5 Investments to consider in 2020

By | January 17, 2020

Seventeen days into the new decade and you are already backtracking from our new year resolutions? Come on now, its waaay too early! Making resolutions and decisions always seem easy, following up with actions is always the hard part. With the new year finally upon us, you may be aching to make some significant changes in your life. Maybe you want to start exercising more often, take better charge of your finances and taking better care of your health or perhaps you want to spend more quality time with your family.

And maybe, just maybe, you’re starting to feel like 2020 is the year you should finally start investing your money for long-term growth. You may have saved up a respectable sum of money in a high-interest savings account, but you know that saving cash isn’t enough and that money needs to reap in some more cash for you. The probing question is, where should you invest your money? This question bugs beginners just as much as it does pros.

Money, Grow, Interest, Save, Invest, Shares, Funds

According to Raj Sharma, a private wealth adviser who has been on Barron’s list of America’s Top Financial Advisors for 16 straight years through to 2019 and can also be found on Forbes’s 2019 Top 100 U.S. Wealth Advisors.

“The emerging consumer market is a very durable investment theme,” Sharma also notes that the developed world’s population is shrinking and getting older, but emerging markets like India and Africa hold huge opportunities given the vast numbers of younger people. It is worthy to note that Nigeria has over 200 million people and 55% of the nation’s population is under 35 years old. Investors can do well in this market by figuring out what those consumers need and how to improve their lifestyle with those needs. Although no investment is a guaranteed yardstick to successful returns, here are 5 of the best investment options for 2020.

Read Also: Stay winning in 2020 

1. PAYING OFF DEBTS

Let’s start by reiterating the popular saying, Health is wealth. You don’t sleep well when you have huge debts on your mind, when you don’t sleep you are causing health complications for yourself. Like it or not, staying debt free is the best investment you can do for you in 2020.

Related image

Don’t forget that your wealth is determined by your assets and your liabilities. So, invest all you want, but don’t forget how your debts may be dragging you down. If you have some debts from 2019 on your books, it’s crucial to create a plan to squash those balances this year — or at least as soon as you can. Unfortunately, this isn’t always a simple feat when you consider the interests steadily pilling on your debts daily.

By paying off debt, you have increased your creditworthiness and helped put more money in your pocket now and later. Plus, there are additional benefits that come with paying down debt. Paying off debt can reduce your utilization and improve your credit score as a result. A better credit score can help you secure loans with the best rates and terms, which can save you money the next time you take out a loan for a home or a business project.

2. REAL ESTATE

In this part of the world, Housing Prices continue to go up and up with no end in sight. Fortunately for investors, this is a fertile industry to cash in on.  With the expected Compound Annual Growth Rate (CAGR) in the real estate sector put at 13.65 percent from 2019 to 2022, experts have advised housing professionals to take advantage of the 2020 budget to reduce housing deficit in the country. Out of the N2.14 trillion proposed capital expenditure for the 2020 budget, works and housing have the highest capital allocation of 12 percent. The federal government national housing and social housing scheme (Family homes fund) will gulp an estimated N17.5 billion and N30 billion respectively.

House, Keys, Key, The Door, Castle, The Background

Despite the challenges of poor access to loan facilities, difficulty in obtaining property titles and high cost of building houses in Nigeria, analysts explained that Nigeria will continue to have strong fundamentals in the real estate industry. They urged professionals, especially estate surveyors and valuers to take advantage of the opportunities. Real Estate has the tendency to grow astronomically over a short period and there is no better news to an investor than that.

Read Also: Easy steps on how to make financial progress in 2020

3. AGENCY BANKING

Agency Banking refers to a type of branchless banking, which comes with the benefits of risk management, product availability, improving financial inclusion and ensuring a wider customer base. It is a method for traditional banks to extend the network of their branches in a cost-effective way, via authorized agents in the rural populations. FinTech and Telcos have also keyed into the Agency Banking rave, with companies like Cellulant running their agency banking operations via their multi payments super app, Tingg.

Image result for tingg agent

Tingg supports various types of Agency Banking transactions, such as voucher-less prepaid top-up, top-up prepaid voucher sale, loan repayments, account balance queries, merchant’s services, cash withdrawals, cash deposits, transfers and bill payments of various types, such as fines, taxes, government fees, utility bills and more.

Tingg has been able to empower agents and the underserved population. Tingg agents can provide digital financial services via the Tingg app to the general masses. When structured and executed properly, agency banking helps businesses scale to a larger level, gives people easier access to digital services and provides a source of income for agents and investors.

4. PEER 2 PEER LENDING

Another place to invest your excess funds this year is one that has been around for a while — peer-to-peer lending. Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Some Lending platforms allow you to loan money to individuals as a bank does, and you get to receive the interest they pay in. While returns can vary depending on how risky the loans you choose to fund are, they can be upward of 6% or more. If you’re worried about loaning money to one person and having them ghost you, don’t be.

Image result for PEER 2 PEER LENDING

These Lending clubs allow you to spread your investment over hundreds or even thousands of loans in increments as small as NGN20,000.

5. STOCKS

If you’ve been considering investing in the stock market for a while, but haven’t yet opened an account and started contributing, make 2020 the year you turn intentions into dollars. Stocks can be very dicey and unpredictable which has led many to either opt-out or just view from a distance waiting on the perfect time to cash in. Although For many, it comes down to fear. There are so many choices today. It’s overwhelming for people, when you have too many choices and there are too many options, you end up just getting paralyzed and doing nothing.

Blur, Chart, Computer, Data, Finance, Graph, Growth

But experts say even if the stock market conditions aren’t perfect, it’s worth investing, be it in a retirement account or a taxable brokerage account. Don’t waste time trying to get into the market at the perfect time.

If you don’t feel comfortable buying individual stocks, consider investing in globally diversified, low-cost index funds. If you need some help and guidance along the way, you can also use the services of a robo-advisor.

Read Also: PICTURES: Cellulant Inaugural Partners summit and Gala Night

Patience is an important lesson to learn for young investors. Everyone wants to see quick results, we’ve been programmed to expect big returns from our investments, and if we don’t get them, then we’re disappointed. A lot of people lose confidence because they don’t get the returns as quickly and bountifully as hoped. Building wealth takes time, Aliko Dangote once said, A lot of people want to be like me, but they forget it took me almost 30 years to become Africa’s richest man. Success takes time.

If you happen to get maximum returns from your investments, don’t forget to reinvest the returns you do get. Reinvestment is one of the keys to growing your finances over time.

It's only fair to share...Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Email this to someone
email

37 thoughts on “Top 5 Investments to consider in 2020

  1. Violette Johnson

    Maybe an article with classification… Like people with low risk appetite or otherwise, the types of investments to engage in.
    Also, pls site reputable real estate firms to invest with. Then what’s your take on bitcoins?

    Reply
  2. Hairstyles VIP

    fantastic post, very informative. I’m wondering why the opposite specialists of this sector do not understand this. You should continue your writing. I’m sure, you’ve a huge readers’ base already!

    Reply
  3. Black Hairstyles

    Thanks for a marvelous posting! I really enjoyed reading it, you’re a great author.I will be sure to bookmark your blog and may come back from now on. I want to encourage continue your great job, have a nice weekend!

    Reply
  4. Splendour

    It’s not Everytime one get expos on where to invest money, nice of you to have thought of sharing. I’ll consider the stock market

    Reply
  5. Free Stuff

    I am not sure where you’re getting your info, but good topic. I needs to spend some time learning much more or understanding more. Thanks for fantastic info I was looking for this information for my mission.

    Reply
  6. you could look here

    I just want to say I am just very new to weblog and certainly liked your blog site. Most likely I’m planning to bookmark your blog . You really have awesome writings. Bless you for sharing your website page.

    Reply
  7. their explanation

    I simply want to mention I am just new to blogs and absolutely liked your web site. Almost certainly I’m want to bookmark your website . You amazingly come with fabulous well written articles. Regards for sharing your webpage.

    Reply
  8. tarotqq

    I like what you guys are up also. Such intelligent work and reporting! Carry on the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my website :).

    Reply
  9. Schlüsseldienst München

    Thanks a lot for giving everyone such a wonderful chance to discover important secrets from this website. It really is so cool plus stuffed with a lot of fun for me personally and my office co-workers to visit your site at the very least thrice in a week to read the newest tips you have. And indeed, I am also actually contented for the staggering suggestions you serve. Selected 3 points in this article are ultimately the most efficient we have ever had.

    Reply
  10. Sbobets

    I appreciate, cause I found exactly what I was looking for. You’ve ended my four day long hunt! God Bless you man. Have a nice day. Bye

    Reply
  11. สมัครบาคาร่าออนไลน์

    Good article. It is very unfortunate that over the last ten years, the travel industry has had to handle terrorism, SARS, tsunamis, bird flu virus, swine flu, and the first ever real global economic collapse. Through all this the industry has really proven to be powerful, resilient along with dynamic, getting new approaches to deal with adversity. There are continually fresh difficulties and possibilities to which the industry must once again adapt and answer.

    Reply
  12. Shirly Ancell

    I actually wanted to compose a small note to be able to appreciate you for these nice advice you are giving out on this site. My considerable internet lookup has now been rewarded with useful knowledge to share with my neighbours. I ‘d believe that many of us site visitors are definitely endowed to dwell in a good site with many special people with good tricks. I feel very much fortunate to have discovered the weblog and look forward to many more pleasurable minutes reading here. Thanks a lot once more for everything.

    Reply
  13. Full Report

    Greetings here, just turned alert to your web page through Bing and yahoo, and realized that it is truly informative. I will like in the event you persist this approach.

    Reply
  14. Cheap Acrobat Pro 2020

    Nearly all of the things you articulate happens to be supprisingly accurate and that makes me wonder the reason why I hadn’t looked at this in this light before. This piece truly did switch the light on for me personally as far as this particular subject goes. Nevertheless there is just one factor I am not too cozy with and whilst I try to reconcile that with the main idea of your position, let me see exactly what all the rest of the readers have to point out.Very well done.

    Reply
  15. Zack Niedermeier

    I’m really enjoying the design and layout of your blog. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a designer to create your theme? Exceptional work!

    Reply
  16. Karri Karmo

    This is very interesting, You are a very skilled blogger. I have joined your feed and look forward to seeking more of your great post. Also, I have shared your website in my social networks!

    Reply
  17. Maryland furniture installers

    I genuinely enjoy reading through on this web site , it contains wonderful articles . “Violence commands both literature and life, and violence is always crude and distorted.” by Ellen Glasgow.

    Reply
  18. DC day party

    I¡¦ve been exploring for a little bit for any high quality articles or blog posts in this kind of house . Exploring in Yahoo I ultimately stumbled upon this web site. Studying this info So i am glad to express that I have a very just right uncanny feeling I found out just what I needed. I such a lot indisputably will make certain to do not disregard this website and give it a glance regularly.

    Reply
  19. Swing set installers

    Good site! I truly love how it is simple on my eyes and the data are well written. I am wondering how I might be notified whenever a new post has been made. I’ve subscribed to your RSS feed which must do the trick! Have a great day!

    Reply
  20. The park at 14th

    I used to be very happy to find this web-site.I needed to thanks to your time for this glorious learn!! I positively enjoying each little little bit of it and I’ve you bookmarked to take a look at new stuff you blog post.

    Reply
  21. colorado drone

    Good – I should definitely pronounce, impressed with your site. I had no trouble navigating through all the tabs and related info ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your client to communicate. Excellent task.

    Reply
  22. Porn

    I’ve learn several excellent stuff here. Certainly price bookmarking for revisiting. I wonder how much effort you set to make the sort of magnificent informative website.

    Reply
  23. cheap vpn

    I am just writing to make you understand of the really good encounter my friend’s girl developed studying your blog. She discovered a lot of details, not to mention what it’s like to possess a great coaching heart to make other individuals effortlessly grasp several impossible things. You truly surpassed readers’ desires. I appreciate you for producing the priceless, safe, edifying not to mention cool thoughts on this topic to Janet.

    Reply
  24. DC Movers

    You made some respectable points there. I looked on the web for the difficulty and located most people will go along with together with your website.

    Reply
  25. large wall clock

    I like the helpful information you provide in your articles. I will bookmark your weblog and check again here frequently. I’m quite certain I will learn many new stuff right here! Best of luck for the next!

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *