A lot of people see fulltime travelers – or those who travel a lot – as being rather irresponsible and not thinking about the future. They live in the moment and focus more on exploring the world. In reality, however, most travelers are meticulous with their personal finances. They know how to manage their expenses better.
There are investment instruments that suit travelers too. Building a strong portfolio and making the right investment decisions can help support your desire to travel more too, especially once the return on your investments is substantial enough to use. If you want to start investing wisely, here are some options worth considering.
Foreign Exchange
Forex trading is often classified as high-risk and high-return investment, but it does offer a lot of opportunities to make money when approached correctly. Unlike the stock market, forex trading allows you to bank pips (profit) regardless of the market direction. What you need to do is be alongside that market direction instead of against it.
As a traveler, you don’t have to spend a lot of time trading foreign currency pairs. Most traders I know spend one or two hours every day to monitor and manage their trades. Since the forex markets are accessible all the time, from Monday morning to the end of Friday, you can choose your own trading times freely.
As mentioned earlier, the potential return to be gained from this investment depends on the risks you are willing to bear. You don’t have to pursue high return immediately, especially if you want to keep your risks at minimum. As you get started, invest time into learning the basics of forex trading and indicators you can use to make good trades.
Real Estate
With the sudden hike of the holiday rental industry and the recent changes happening across the real estate market, investing in property is now one of the best ways to strengthen your portfolio. There are more financing options and properties to invest in too, giving you more flexibility as you enter this market.
If you travel a lot, investing in condominiums is the way to go. Condominiums are managed and maintained by professionals, so you don’t have to do all the heavy lifting. They are also easier to resell, offer a steady capital gain, and can be turned into holiday rentals with ease.
Add the fact that you can now rely on firms like AD Hays Group for help in entering the real estate market, and we have a winner. Do it right and you will even have somewhere to return to after those long trips you love to take.
Investing in Travel
The travel industry is also growing at a stunning rate, so why not invest in the industry you love so much? Travel startups, companies offering travel-related services, and even travel content providers are seeking investors to help them keep up with market growth.
There are so many opportunities to grab in this industry. You can be the investor behind the next big app or service that takes the entire travel industry by surprise.
