List of top investment opportunities in South Africa 2021, November for your money, explore the opportunities that will allow you to grow your money and make your money work for you. How to invest in practical opportunities with best return on investment (ROI).
It is important to take time and explore practical methods and platforms of making your money work for you, perhaps you have a very large sum of money that you would like to grow but don’t know what to do with it.
This article is intended to help those who have some extra thousands laying around and would like to keep that money busy, yes, that’s the right sound, keep it busy.
Otherwise, what is the point of having savings which are not growing, the whole point of saving money is to ensure that we always have money, but you won’t always have money if the money that you are saving is not growing itself, if you keep on spending, it will eventually run out.
Ok, but know here is where we all kind of get stuck…
Where to Invest Money?
There are best investment opportunities in South Africa that we will be discussing in this reading, what you need to keep in mind is, it is always best to choose an option that you are comfortable with.
This is got to do with everything, don’t get involved in mining, whether you will be active or not, if that is not for you, don’t do it.
If you are not a farming person, investing in cattle’s and crops won’t work for you, again, whether you are active or not, it is a bad idea.
Let us get down to this topic and explore all the available investment sources that we can potentially familiarise ourselves with.
Investment Opportunities in South Africa
Below is a comprehensive list of all type of channels one can consider for investment.
- Online Work
- Crypto Currency
- Forex Trading
- Car Rentals
Property and real estate are one of greatest buckets that you can leave your money in, for many years and even today, investing money in property is one of the best decisions you can make in your life.
I know you are probably thinking, well, this one is obvious and easy one, tell me something that I don’t know.
Many people purchase investment properties for tax deductible purposes while the others purchase the properties for more income.
Investment property does not only benefit the person who already had their own real estate, but it is also an advantage to those who are buying for the first time with great benefits. Individuals will have higher borrowing power with an investment loan rather than a standard home loan.
Investment Property Advantages
With this as an investment property, income is more constant because you receive certain rental payment from your tenants.
In the case where rental income is higher than your bond repayments, you will not need to put any extra funds to pay off the bond loan.
Property value will constantly increase if you purchase property in a good location, this will work in your benefit in a long run.
If you have an investment property, you can also use the existing equity in the property to apply for another investment property.
Investment Property Disadvantages
Purchasing an investment property is normally very expensive, this might not be ideal if you do not have enough savings or trying to buy through finance.
Selling this type of property is not easy, more especially if you are facing financial crisis and would like to put it in the market. You might end up losing money on this type of investment and in return making this investment not worth to have.
Sometimes, depending on the location, renting out property might take some time, this means that, after purchasing this investment property, you might have to wait sometime to get tenants, meaning that you might have to have extra cash to maintain you bond repayments.
It does not only end there, at some point, you might have issues with tenants, moving in and out, but some of them also refusing to pay you, this alone can set some draw backs and cost you money.
Transport is another bucket that one can inject their money in, although this also one of the investment opportunities that comes with lot of risks.
Transport is one of the simple, not even technical choices, although the only downside of this type of opportunity is the fact that you can lose all your money in a second. Like any other vehicle, should anything happen to this source of income, you will be out of business and might not even be able to recover from this.
Cryptocurrency is one of the most rising opportunities that everyone is running into to explore, although this type of opportunity requires extensive knowledge in this context.
Many people who succeed in this type of platforms are the ones that equipped themselves with knowledge on cryptocurrency.
Bitcoin is one of the recent growing type of currency that many people trust, from some of the people, Bitcoin has worked for them and they have seen the results.
Investments are like any type of job, whether you get involved with it or get someone else like investment firms to manage your money, it all boils down to a matter of preference and what you believe in.
If you do not believe in Real Estate as one of the best top investment opportunities in South Africa, then it won’t work for you, only try opportunities that you have faith in.