Whether foreign exchange, funds, crypto, or gold, every form of investment has its advantages and disadvantages.
Back when you still got interested in your savings, everything was easier. There was the good old money market account. It is the easiest way to increase your money completely risk-free. Today, even small investors rummage through the stock market news and zulutrade ratings always looking for a lucrative investment.
Investment: which one is right for you?
The fact is that there is no such thing as the ultimate investment. Since every investor has very individual goals, no one-size-fits-all advice can be given in this regard. Which investment is the right one depends on many factors. This includes the age of the investor, his family situation, the amount of equity he has, and, last but not least, his willingness to take risks. In order to be able to assess which type of investment is best for you to invest in, it is worth comparing the respective advantages and disadvantages.
Gold – a safe investment?
In fact, the precious metal has the reputation of being a safe bet, especially in times of crisis when there is a risk of inflation. Another advantage is that when buying gold, VAT does not apply. There is no interest in gold and there are costs for storing it in a safe or bank deposit box. Investors should also consider whether to buy their precious metals in the form of bars or coins.
Although gold coins are easier to handle and accepted as a means of payment, the premium on the current price of gold is higher for them. If you only want to invest a smaller amount, a gold ETF, i.e. an exchange-traded index fund, is an interesting alternative. Its performance is based on the current price of gold.
Forex trading: The market for professionals
The Foreign Exchange Market or FX for short is the largest and most liquid financial market in the world. Governments, companies, but also private traders from all over the world trade currencies here. Forex trading is purely interbank trading that does not require a physical stock exchange. So traders can buy or sell 24 hours a day, except on weekends. Many people love this flexibility in terms of time. The great thing is that forex traders can make profits even when currencies are falling.