The year is almost done so you better start considering how to invest your money in the coming year. Past performance is not a guarantee of future performance. After reviewing your results you can decide if it’s the right time to make a change in order to increase your company’s profit or stick to the old strategy.
Bear in mind that you always need to invest wisely for a healthy business portfolio.
This year we showed you possible alternative investments. We talked about diamonds, gold and let’s not forget about cryptocurrency. Some of us consider that 2017 has been the year of Bitcoin, though some leading economists and financiers are calling bitcoin a bubble and a fraud, but industry insiders say they think it’s only going to get bigger as it gains more widespread acceptance.
And when it comes about diamonds we emphasize the three main ways in which investors can sink their money: investing directly in diamonds: buying the gems and storing them to sell at a later date; buying the shares of diamond mining companies; or investing in diamond funds and tax-efficient investments. But the most popular way to invest in diamonds is holding physical diamonds because people can wear their investment if they set the diamonds into jewelry.
With respect to gold, it has been the fascination of human societies since the beginning of time. Empires and kingdoms were built and destroyed over gold. As societies developed, gold was universally accepted as a satisfactory form of payment. In short, history has given gold a power unlike any other commodity on the planet. In the end, any way you look at it, it’s a good investment.
Always be prepared to take risks. According to some people “risk-taking is almost synonymous with entrepreneurship”.
In order to avoid new headaches in 2018 due to factors such as political uncertainty and stunted trade you may need to find the key that can predict the future of your business.
Most global firms in first instance forecast market demand and implement new product development processes. However, new business models need to address several key questions to be competitive in a dynamic global market environment. Practice has shown that in many cases we fail to anticipate or adequately respond to change for several reasons. Sometimes we may not notice the changes from business environments and as a result we are blinded by the changes that have occurred quite unexpectedly.
To put things into perspective, several types of analysis and statistics are available to improve our knowledge and the capacity to face challenges aggravated by the economic situation. In addition to the foregoing, we must keep ourselves informed, in order to boost business confidence or simply to keep it real when it comes to doing business.
Our advice for 2018 is to invest wisely by always doing your due diligence. A proper valuation of the investment, whether traditional or alternative, can give you a complete, accurate, and multifaceted picture of the investment’s risks and potential.
„An investment in knowledge pays the best interest.” – Benjamin Franklin