The new year is here, many of us are looking ahead and planning what we can do for a better, more prosperous 2022. A lot of people are trying to find ways to generate passive income, especially now that business operations are starting to normalize. Instead of waiting for the right time before making financial decisions, why not invest now and enjoy your profits once the calendar flips its pages?
Investments can be tricky, especially if you’re not familiar with your options. To make things easier for you, we’ve compiled a short list of choices that you can consider for your investing.
1. NFT Games
Surely by now you’ve heard of people playing NFT games to earn money. The newest cryptocurrency trend combines the excitement of playing games with collecting unique in-game items that can be traded online or sold for cash. Top NFT games such as Axie Infinity and Splinterlands have made a splash locally, building a large player base in such a short time. If you have a lot of time and prefer to be hands-on with your investment, you might want to check which NFT titles are suited for your skill set.
2. The Stock Market
Investing in stocks will always be a sound financial option. Many people enter the stock market as beginners in investment before gaining valuable experience through their own hits and misses. If you’re not confident with your predictive talents, you can always hire a professional stockbroker to make decisions for you. Just keep in mind that the stock market can be quite volatile, so only invest what you can lose.
Last but certainly not the least on our list of solid investment options are UITFs, short for unit investment trust funds. Although UITFs aren’t as popular as the previous choices, they are just as effective in providing high returns for its clients. Moreover, UITFs are more secure since they come with built-in safeguards to protect investors from potential risks. Investors have full control over how assertive they can be, which allows them to select how much risk they want to take with their transactions. If you want a relatively low-risk, high-reward beginning on your investment journey, UITFs are an excellent starting point.
It’s always recommended to do your own research so that you’ll have a better understanding of where you’re putting your hard-earned money into.
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1. How to Start Investing in Stocks: A Beginner's Guide [Internet]. Investopedia .
2. Investing in NFT Games [Internet]. The Motley Fool .
3. Why Invest in UITFs? [Internet]. BDO Unibank, Inc.