The expansion of the internet and globalization have opened unprecedented investment opportunities for just about everyone. While investing used to be reserved for rich people who had excess money, we are now seeing high school students and children start investment portfolios and succeed.
We talked to investor and tech savant Lucas Mollberg on the topic of investing in 2021. We seek to discover what the best investments are in 2021 and how you could get involved with investing without having millions in your bank account or extensive professional training.
Hello Lucas and thank you for joining us today. We wanted to ask about investing. Can you please explain to our readers what you invest in and how easy it is to invest in this day and age?
Hello and thank you for having me. First of all, I want to say that there are so many types of investments you could make these days. Some are really easy to make and require next to nothing while others are more complex and not to be made lightly.
I like to delve into a little bit of everything. Forex, cryptocurrencies, real estate, stock, I have tried it all. I must say that in recent years nothing has been as profitable as cryptos, but they can also be insanely volatile. Good old-fashioned stock trading is still a good way to make some money if you know what to invest in.
Tell us a little more about your experience with cryptocurrencies. What are they and how can one start investing? How likely is an investor to show a profit on them?
Cryptocurrencies really are the future, and they have been a solid investment opportunity for a long time now. Ever since people made millions on Bitcoin, new cryptos have been popping up left and right. You can still invest in Bitcoin, but the truth is that you will never make the kind of profit that those early investors made on it.
I think the best way to make a profit on cryptos nowadays is to invest in newer altcoins that have massive growth potential. If you look at the growth of Dogecoin over the last few months, you will easily notice how great of an investment opportunity it was. Fortunately, I purchased a good amount of Dogecoin when it was very cheap. There are always some great cryptos waiting to be scooped up.
You mentioned the stock market and Forex. Are these still good investment opportunities these days or is the market too unpredictable?
The only real downside of the stock market is that you generally need a big investment if you want to make a big profit, unlike with cryptos. As owner of Casinoble, I have been tracking and investing in the iGaming industry stock for years, with great success. Other industries are also booming with Covid-19 changing the rules, while some popular ones have dropped in value significantly.
Forex is a hard one to make a profit on. I play with it sometimes, but you have to be very knowledgeable to make money day trading on the Forex platforms. If none of these appeal to you too much, there are always good old-fashioned investments you could make, if you can raise the money. Buying some real estate and renting it out is almost a guaranteed moneymaker in most markets.
Thank you for sharing your thoughts with us Lucas. We hope your ideas inspire some of our readers to make sound investments with their own money and profit handsomely.