10 Early Investments You Shouldn’t Skip
When making investments, you always want to buy low and sell high. Now, one trick that always works is to enter early in the life of this particular asset. Finding a promising startup, a new crypto token, or discovering an upcoming artist can make a huge difference in how much you make.
Author:Emmanuella SheaReviewer:Frazer PughOct 25, 20231.8K Shares85.8K Views
When making investments, you always want to buy low and sell high. Now, one trick that always works is to enter early in the life of this particular asset. Finding a promising startup, a new crypto token, or discovering an upcoming artist can make a huge difference in how much you make. So, in order to help you out, here are the top ten early investments that, should you have an opportunity of a buy-in, you definitely shouldn’t skip.
Tech Startups
Imagine if you had a time machine and could go back to the 80s or 90s. What would you buy: Apple, Microsoft, or Google stocks? The thing is that these tech startups are a hit or miss. It’s not expensive when you miss, but you'll score big if you find the right one.
The thing to understand here is that this is really not that risky. First, you can buy in pretty cheaply since they’re small and usually look for crowdfunding instead of venture capitalists. Second, you can base your decision on whether to invest on how useful the technology sounds.
Cryptocurrencies
This isn’t really that far-fetched. We all know that people out there bought BTC when it was $1, or $10, or even $100 per coin, and sold them at $20k or even $60k each. Some of these people are potentially still holding and waiting for Bitcoin to breach the $100k barrier that so many are skeptical about.
However, it’s too late to start buying BTC for this kind of profit, as it’s unlikely that its value will drop to these low levels again any time soon. Instead, you should look for so-called presalesand ICOs and try to figure out which coins have the biggest potential to be the next BTC before they launch to the general public. Even if their growth is not as big, you can still profit and benefit from early adoption in many ways.
Commodities
The value of commodities fluctuates all the time. However, to profit, you need to start investing before the crisis happens. When there’s political turmoil in the world, people start losing faith in organizations and prefer to keep their money in things with intrinsic physical use.
Buying gold, oil, and agricultural products ensures that the next time there’s a crisis in the world, the value of your assets grows. Now, ask yourself one question: what are the odds that there will be no more political upheavals in the world? What are the odds that the next crisis won’t happen in a matter of weeks or months? How far back was the last one? Not to mention that some of these commodities hold value for millennia.
Penny stocks
Penny stocks are volatile and don’t have a stellar reputation for a very good reason. Their value is usually low, and you cannot know which direction they’ll go in. Now, there’s a chance that some of these stocks will explode, but if you wait to find out which, you’ll never make money. You need to buy early.
Remember that this is a very risky endeavor, so you want to set aside a budget for these trades. Never invest more than you can afford to lose and you’ll do fine. The problem is that showing restraint can be pretty difficult.
Now, if you’re afraid of scams, the problem is that this industry doesn’t have the most stellar of reputations. It’s nothing illegal, but it’s far from safe or well-regulated either.
Art
Investing in art can be an amazing idea if you know what you’re doing. Just think about how cheaply you would be able to buy one of Van Gogh’s paintings while he was alive (a painting that now goes for tens of millions of dollars). Can you realistically hope to discover the next Van Gogh? Of course not! Still, finding a piece of art that might double, triple, or quadruple in value is really not that of a high order.
The thing is that this type of investment requires more knowledge than the majority of items on this list. You either need the right appraiser or the skills to become one yourself. Art world trends change on a regular basis, and you need to be able to keep up.
Antiques
Now, this is a bit of a controversial one. The problem is that you never know which item will be iconic to a particular era. Just because an item is from the 1980s doesn’t mean collectors will see it as iconic (and valuable) for that era.
Also, you can’t just buy a random item with the intention that it becomes an antique in a couple of decades. First, who can sit on a random, useless item for that long? Second, it will take quite a bit of space, and you’ll have no way of knowing the payoff.
Ideally, you want to find decently-preserved antiques and restore them a bit. This way, you’ll get the maximum value for your investment.
Designer Bags
These designer bags are generally a great guard of valuebecause each series usually comes with a limited number of items. The commodity cannot lose value due to inflation since there are no new bags (from that series).
Also, unlike in tech, where every new edition makes the last one lose value, the same doesn’t go for designer bags. If the next series doesn’t do that great (which is always a possibility), the value of the one you hold will be even higher.
Some brands destroy bags they fail to sell, which is another trend ensuring that the value increases.
Collectibles
Anything can be a collectible, from a vintage coin to an unopened toy or a video game. Each of these can be quite valuable and might bring in great profit if you do it the right way around.
However, you need to keep a few things in mind here. First, this takes a special kind of perfectionism since the value of a collection exponentially increases compared to the value of a single collectible. Unfortunately, this also means that you’ll have a harder time parting with the items you’ve just collected (after all the work you’ve invested).
MLM schemes
Hear us out first; it’s undoubtedly that, for the vast majority of people, MLM schemes just lose money (or just don’t make any profit); however, what if you were to buy in really early on?
With enough people beneath you, you could make some real money, but the only way to get there is to enter early on. Also, since it’s a peculiar business model, you must ensure that the people who buy in do so directly from you. This means this is not just some passive investment you’ll make. You need to put in actual effort.
IP
Prototypes, business models, and franchises are usually really cheap early on. So, you can buy and hope that the value will jump, or you can take matters into your own hands. With enough funding and great marketing, any intellectual property can increase in value several times over. Still, this requires a bit more effort and investment than most people are willing to make.
Just make sure you consult your legal advisor first since issues regarding intellectual property can be quite problematic. Also, the rules and regulations change more often than you would expect them to.
Investing early on will maximize your profit, but you still have to find the right asset to invest in
In the end, not all of these investments are exactly new, but you always have a window of time when investing in them is a good idea. If someone is already making money on these trends, it’s probably already too late. This is why you must always be on the lookout and never shy away from doing your homework before investing.
Emmanuella Shea
Author
Frazer Pugh
Reviewer
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