If you have $1,000 and you’re not using it, why not consider investing it instead of spending it on nonsense stuff? You might doubt that you can quickly multiply your money with only a small amount, but it can happen.
We know you can make more money faster by doing other jobs or generating it through affiliate marketing or email marketing. Investing your hard-earned $1,000 comes with challenges and risks, especially if you live paycheck-to-paycheck. But if you know what you’re doing, you can safely place your money in an investment.
But before you begin, there are some standpoint principles that you have to keep in mind.
Making money fast
Your $1,000 investment money can generate profit in many ways. By leveraging the right schemes, investments can become realized profits and quick gains – even if you invest it in markets that take time to move or have longer cycles.
So what is the right strategy? Of course, you can always do long-term. Even real-estate and other time-intensive programs will work. But if you want to make money faster, you should look for short-term investments that will work for you.
Short-term investment is not only about growing your money fast. It is also about leveraging and confining your investments without too much risk. Keep in mind, it doesn’t mean you shouldn’t use a long-term strategy.
But if you do want to invest and generate profit more quickly, then check out these investment strategies:
1. Stock market
Playing the stock market is not for amateurs. You should have the right knowledge to understand the different market forces. When playing the stock market, you should learn how to hedge your investment. Whether you bet on the general market or trade penny stocks, you should make sure that you were able to set up stop-loss limits to avoid any possible high reduction.
If you’re an advanced trader, you would know that market makers move stocks either because of fear or greed. They even push the stock down to a fixed price to develop that fear and turn it into money.
This is even more exaggerated when it comes to penny stocks. Hence, you have to know what you’re doing when you decide to invest in the stock market.
If you manage to understand this market, you can make a significant amount of money even with only a small investment.
2. Money-making course
No money is better spent than on one’s self. You may want to use the money to invest in your education – learn, adapt, and grow.
There are a lot of money-making courses online that you can take. You can find mediums about ebooks, social media marketing, search engine optimization, and the list goes on. Make sure to choose the one which will suit you best.
You will find a lot of money-making gurus on social media, and each one offers a different course. You should take some time to research the course that will work best for you.
3. Trade commodities
Trade commodities such as gold and silver is a good and rare investment opportunity. More so, if it is trading at the lower end of the five-year range. It shows a strong indication of where the commodities might be going.
It’s basic economics that determines the price of these commodities. If supply drops, the demand increases; hence, the price rises. Any changes to the supply chain will always have a high impact on prices.
You can try the London Metal Exchange or the Chicago Mercantile Exchange if you want to invest in trade commodities. You have to take note that investing in commodities means that you are investing in future contracts. It’s a prearranged agreement to buy a specific amount for a certain price in the future.
4. Trade cryptocurrencies
Today, there is a high demand for cryptocurrencies. It is risky to trade with these, but if you hedge your investment right, you can avoid a poorly-timed trade fallout.
There are a lot of platforms where you can trade cryptocurrencies. However, you should educate yourself about it before you start trading.
There are more than 3,000 cryptocurrencies today, but only a few are highly-valuable You can learn about trading cryptocurrencies such as Bitcoin, Ether, and Litecoin on Udemy, Kajabi or Teachable.
After learning about cryptocurrency, find an exchange and then study the trading patterns. Look for breakouts of long-term moving averages and when you get the whole picture, you can start trading.
Some exchanges you can look at are Coinbase, Krake, or Cex.io.
5. Peer-to-peer lending
Peer-to-peer lending is one of the hottest investment mediums today. Although you might not get rich investing here, you can still make some money out of it.
There are a lot of peer-to-peer lending platforms that you can use. You can try Lending Club, Peer Form, and Prosper. These platforms will let you lend some investment money to businesses or individuals with an interest rate.
Once you see an offer, you should research about the individual or business. You have an option to take the deal or not. Consider your risks based on a proprietary algorithm that notes their employment and credit history. Aside from this, there will be more information to help you decide if you are going to invest in them or not.
If you choose the right investment, you can make more money than just placing it in a savings account. Plus, the risk is lower thanks to the algorithms.
6. Trade options
There are a lot of trade options you can do, from FOREX to stocks. But the best way to make money from options is to jump in at around 15 days before corporate earnings get released.
So which option do you get? Money calls.
Then the most favorable time to sell those money calls is one day before the company releases its earnings. Since there will be a lot of excitement and anticipation surrounding the earnings, it will increase the prices.
However, you should never hold through earnings. As Simpler Trading’s John Carter once said, it is a gamble that you shouldn’t take if you’re not a seasoned investor.
7. Real estate contracts
Although investing in real estate seems to be a long-term strategy, it’s not. You can use $500 to $1,000 in flipping real estate contracts to make money fast.
You can use Kent Clothier’s system REWW to learn how the market works. It will provide you with the data and tools to know about the vacant homes, distressed sellers, and cash buyers.
Once you identify the motivated sellers and cash buyers, bring them together and make a deal.
People think real estate is won by flipping traditional homes and doing renovations, but it’s faster if you just flip the actual contract.