You are better off investing that spare $1,000 in your wallet, rather than spending it on some other things that will bring no returns. Yes, your $1,000 can bring you more money quickly if you invest it rightly. How? Read along!
Although there are other ways of making money fast – from running odd jobs to doing email marketing and affiliate marketing, making money through a $1,000 investment will most likely come with bigger risks, compared to the options mentioned above. However, if you can get it right, it could be your best financial decision ever. Moving away from risks, you can still raise a $1,000 spare money to invest even as a full-time worker that lives on salary.
There are some basic investment principles you must understand before going into this. First is to overcome the mentality of scarcity. We all tend to believe that we simply cannot get enough of things – from money to time, connections, or opportunities to grow and become better. However, there is no truth in this. We need to understand that our thoughts shape us, and the wrong mindset can get us stuck instead of moving forward.
If you have a pre-formed opinion that investing some significant cash into lucrative short-term investment channels cannot get you rich, you are already failing even before you start. The truth is, these strategies do not require you to invest heavily before you get to make some money. So, there is no need to have a special ‘investment funds’ before investing and making money.
What you need is to identify the ideal strategy that works for you, and then scale. Consider it as a process of building an offer online, where you start with getting the ideal conversion rate by optimization and finally scaling it out. The logical approach will be to start small and continue to grow. Do not be afraid try out various methods, and while at it, track and analyze the outputs.
Do not get carried away by the fantasy – there is nothing like getting extremely rich overnight. However, if you can jump on one of the investment vehicles below, you stand good chances of making steady returns. Start by investing small and scale with time – it is as simple as that.
Ways To Invest $1,000 To Earn More Quickly
The options here are diverse, but some are obviously better than others. It all depends on speed. Contrary to the usual long-term buy-hold techniques, which best applies to long-term investments, these options are structured to bring fast returns. You will agree that applying the right techniques can get you quick profits and gains even in investments with longer cycles.
The next question is how to determine the right strategy. If you are not in a hurry, you could stick to real estate and similar time-intensive strategies, and with time, you will make considerable profits. To stand better chances of making profits from long-term investment, you must be willing to invest time. So, if you are the type that enters and exits long-term investments at will, you will most likely not get the desired results. On the other hand, you can make significant returns with short-term investments if you get the timing right.
‘Timing’ here doesn’t translate to looking around for the latest trend. Rather, it is more about being very observant of some indicators capable of bringing fantastic results in a short time. Likewise, it involves applying the right investment strategies without necessarily risking too much.
Keep in mind that you will still eventually need a long-term strategy, but a perfect short-term strategy can help you to start strong and quick while making some capital in the near term. Let’s consider some of the investment strategies suited for short-term success.
1. Investing In The Stock Market
This is a bit tricky and requires a lot of effort and determination. To get it right in the stock market, you must have a good knowledge of how the market and its forces work. Amateurs will most likely fail, but if you can take time to learn very well, you can make some good money in a matter of hours even without putting too much on the line.
You should also know the best methods of hedging your bets as a player in the stock market. Do not trade without putting stop-limits in place, whether you are running the trade penny or the general market stocks. Stop-limits, as the name implies, ensures that you do not incur substantial depreciation. Advanced traders will probably understand that most market makers move stocks to play as a result of greed or because they are afraid of failing. And most times, they end up playing right into their pockets by pushing a stock down to a specific level due to the fear.
For penny stocks, the fear is even more enhanced. Thus, it is vital to have a good knowledge and be able to perform an in-depth analysis of the market forces, to ultimately make considerable profits. Be mindful of moving averages, the chances of either a significant upside or big downside are higher when stocks break through a 200-day moving average.
2. Investing In A Money-Making Course
This is a form of self-investment. Investing in yourself may not bring actualized return on investment, but the fact remains that such capital is very well spent. You get to improve yourself by learning, adapting, and ultimately growing.
Start by identifying your passion and choose a course that matches it. While you will find a plethora of options when it comes to online money-making courses, including eBooks, SEO, social media marketing, and so on, settling for the right one is usually tricky. Note that these courses differ in contents, scope, and quality. So, take your time to research properly and ultimately go for the one that suits you best.
3. Trading Commodities
You can make significant short-term profits by trading commodities like silver and gold. It is even better if you delve into it when these commodities are trading at the lower end of their five-year range. These metrics offer reliable indications of the projected values of these commodities. Like most other goods, the price of these commodities is determined by the basics of economics – a drop in supply brings a corresponding increase in demand and price. Thus, when the supply chain is disrupted, the impacts on the prices of these commodities are quite significant.
Other types of commodities include agriculture, energy, and metals. Investing in these kinds of commodities require the use of an exchange, for example, the Chicago Mercantile Exchange or the London Metal Exchange among others. Consider investments in commodities as investing in future contracts, where you have a pre-arranged understanding make a purchase of a predetermined quantity of the commodities in question at a certain price in the future. There are potentially significant upside and downside in leveraged contracts, thus, it is important to be very careful.
4. Using Peer-To-Peer Lending
There is great investment potential in peer-to-peer lending. Keep in mind that investing in a peer-to-peer lending network will not make you rich outrightly, but you have good chances of making some significant money. Start by selecting a reliable peer-to-peer lending platform – the common ones include Prosper, Peer Form, and Lending Club. This platform will allow you to offer some capital to individuals or business that require them, while you keep getting an interest rate on the return. This offers more profit at lesser risks, as opposed to putting your money in a savings account. You only need to monitor proceedings, while the algorithms do most of the work for you.
After identifying the offer, proceed to make investigations before you decide whether to take the deal or not. There is a dedicated proprietary algorithm that helps to evaluate your risk once you supply your employment and credit history among other details. The results of the evaluation will ultimately guide your decision to invest or not.
5. Trade Options
There are several trade vehicles to choose from, including FOREX and stocks. Note that investing in options brings the best returns when you delve into it at around 15 days before the release of the corporate earnings. Thus, the question always is ‘what type should you trade or buy?’ The answer here is Money Calls.
Money Calls are best sold a day before the release of the corporate earnings by the company. The price, during the time, is usually high, considering the excitement and uncertainty surrounding the earnings. Although this gives you a consistent winner, ensure that you do not hold through the earnings, except you are an expert.
6. Real Estate Contracts
Perhaps you have always seen real estate investment as only a long-term prospect? Well, it is not. This investment vehicle allows you to invest as little as below $1,000 and earn significant profits quickly. How? Simply invest the capital in flipping real estate contracts. Start by using a system like the REWW by Kent Clothier to familiarize yourself with the basics of the market. Then, you will get the data and tools required to detect vacant homes, troubled sellers, and cash buyers.
You do not have to flip traditional homes and fund renovations all by yourself to make money from real estate; you can make fast and significant profits by flipping the actual contract itself. It is just like buying and selling: you need to link and broker the deal between motivated sellers and cash buyers. Although the whole process might seem strange at the start, it gets better with time. And with consistency, you can scale out this strategy and become rich. It is that productive!
All of the six investment options above can be conveniently funded with $1,000 or less for a start, and if you do it right, you are guaranteed of getting significant returns on your investment in no time.
So, which one would you be trying first?