No investment is perfectly safe. And when it is coupled with a high return within a short time frame, you should understand that the stakes are very high. Any investments that you make can double the principle when you give it enough time.
As an investor, it is not surprising that you may feel attracted to the possibility of making huge yields within a short time despite the imminent risk of suffering from unattractive losses.
But since every investment has its upsides and downsides, you only need to clearly understand the market you intend to invest in and the best investments to make.
You can find plenty of investment options that can give you high returns within a short time. While there is no guarantee that the investment you make can double your money, there are a few that can work well for you.
To get you started, here are some of the high-reward investments that you can explore.
Invest in Options
Options trading offers investors the ability to make huge returns by timing the market. It involves purchasing options to buy or sell a security at a specific price within a given timeframe. If the security price becomes undesirable within the future dates, unlike in your prediction, you do not have to participate in the trade.
There is a high risk of taking part in such an investment since there is no certainty on whether the security price may rise or drop within the purchase timeframe. Such a high risk of timing the market can become dangerous, causing you to lose your investment or profit you with a considerable return.
Invest in Currency Trading
Forex trading is all about trading different currencies. Every country issues its currency and pits it against another currency. Before you can make any trade, you need to scrutinize the patterns of specific currencies.
Since the currency markets are inter-connected, you may opt to short one currency while going long on another to protect your investment. Either way, you need to have enough experience before committing yourself to the trade.
Invest in Cryptocurrency
Cryptocurrencies are digital assets that are encrypted and decentralized. You can use the coins as investments or when making online purchases. Compared to forex trading, crypto trading promises a larger yield. However, it is highly volatile, meaning you can lose all of your investment if you are not careful.
There is more than one way you can make money with cryptocurrencies. The most common involves buying crypto coins and waiting for their value to rise before you can sell them at a profit. You can also consider holding them for the dividend or staking the cryptos.
To fully understand the investment opportunity of crypto investment, you can find a beginner guide to crypto online to explain how to trade in cryptocurrencies.
Invest in High Yield Bonds
Investing in high-yield bonds from a debt-ridden company or a foreign government can offer you a high return rate. However, you have to be prepared for a potential loss of your principal.
Such bonds are attractive since they have a low credit rating compared to investment-grade bonds. However, the risks are very high. You should be aware that you can double the principle or lose the total investment by reinvesting multiple times. Still, with enough experience, you can make plenty of profit from this investment.
Are you looking to get quick money for the holiday season? Then consider investing your money in the above investments that can deliver high returns. The risks may be equally high, but you can make a fair amount of money if you know what you are doing.
Through investing, you can build up your wealth over time. To ensure a continuous income, you should consider diversifying your investment options to more than one market.