While the market is growing, it’s easy to forget that what goes up can also come down. Best investments to delve into would be discussed below, also bear in mind that economic slowdowns tends to go around, which means that another recession is in the future.
One of the reasons of finding the best investments for yourself is because not all investments are actually worth making a head towards, some investments that are tagged best investments are not the best investments to get into based on tons of factors like experience, exposure to the social markets and so on.
Whether it’s fast-approaching or still a far off, it’s wise to be prepared for anything whatsoever.
This way, you won’t join the panicking group out of stocks and into cash. Instead, you’ll remember that stocks can perform perfectly even during a recession – you just need to know which ones.
This article would break down to a number of investments that would be wise to take a swing at. I promise you won’t get bored by this array of ideas we’ll provide. The number 1 on our list is:
List of best investments
- Real Estate
The 2008 housing market collapse was a big and sad nightmare for homeowners which even I got my fair share of, but it turned out to be a great and lucrative angle for some real estate investors.
When a recession hits and home values drop, it may be a buying opportunity for investment properties. If you can rent out the property to a reliable tenant, you’ll have a steady stream of income while you ride conveniently out the recession.
Once real estate values start to rise again, you can sell at a profit.
- Invest in yourself
If you’re laid off during a recession, you can rebound by investing in yourself. You could go back to school to gain additional knowledge or skills that could help you get a better job. Getting even a better skill and expanding on the trends is very important.
Recently, I had a conversation with a friend as to the best ways to get through to a lot of people in any type of niche. True fact is that people get interested in few numbers of things. Getting yourself down in line to acquire a skill as an investment into your own self would be a great achievement to your jar. I promise you that’s the best investment.
Paying down debt is another option if you’re worried that your job situation might go south at some point. It one of the major best investments, because the less money you have to spend on bills, the less stressed you’ll feel during an economic crisis.
Agriculture is also a part of the best investments to get into in a country like Nigeria.
You are probably surprised but agriculture in Nigeria is one of the sectors that gave birth to the whole set of millionaires. That’s shocking I promise you!
Few of the top rich guys in Nigeria have large farms as a way to generate hot income. I’m so gonna own one!
Given the fact that the government continues to drive agriculture in order to diversify the economy, it is an attractive area for investors.
Besides, most people on the African continent lives in rural areas, so African countries will keep a finger on the pulse of the agricultural sector, tag agriculture as one the best investments on our list.
Another top business idea on how to invest in Nigeria is farming as food is a necessary means of survival. This is another one of the best investments on our list.
There are various types livestock farming you could get into.
This industry is supported by the Nigerian government as a way of promoting economic diversification. If you are not interested in direct farming, you can cooperate with a company that makes its profit on farming.
Remember to do an investigation of the organisation you are planning to invest in to avoid being shortchanged or scammed, one has to be smart.
- Fashion designing
Nigerians are famous around the world for being trendy and updated with wears.
Fashion is a great opportunity to invest in. Not only designers but investors who basically don’t lift a finger are becoming millionaires which is super amazing!
Lately, Nigerian fashion business has survived a revolution which caused a boom in this industry. You can also invest in uniform supply and make money from sewing uniforms for schools, organisations, army, etc.
One more cloth related investment idea is the importation of wears. Used or recycled clothes, shoes, bags, and other items come in handy for many poor Nigerians.
This is a fast-growing trend in many African countries as this is a great solution for most of the poor and developing African countries. The used clothes are bought from Italy, France, Dubai, India, China, Hong Kong, etc.
Media and show biz It is a well-known fact that Nigeria is the king of entertainment in Africa, mass media and show biz industry here are worth investing huge amounts of money.
The entertainment industry as a whole is one of the best investment in Nigeria.
One of the most lucrative ideas is investing in creating a TV station. Developing show biz in Nigeria is also a great way of investing money, however, this is best in big cities in Nigeria such as Lagos and Abuja.