Where to invest $ 10,000 in Ukraine?
Anyone would like to have a source of passive income and live without thinking about financial problems. Not everyone knows how to invest money wisely. That is why we have selected for you the most suitable options for a profitable investment in Ukraine.
How to start investing?
Having money and not being able to use it is just as bad as not having it at all. A modern person who receives a stable income and has already managed to accumulate a certain amount, begins to think about how to invest them correctly.
Before you start choosing the tools, you need to decide on the purpose of the investment. For example, you want to earn money for a car, real estate, or a decent old age. Defining a clear goal will allow you to better formulate the tasks that you will have to complete.
It is worth noting that investing and trading are completely different things. Trading refers to trading in financial instruments. The participant buys, and after a few minutes sells. This is called short-term investing. In this article, we will talk about long-term investments that will help you achieve your goals.
If you want to save up for a car, then it will be enough to invest funds for 3-4 years. If we are talking about the education of children abroad, the investment period should be about 8 years. Well, you can save for a decent pension for 30 years.
To create your own portfolio, it is enough to have 5-10 thousand dollars. If you invest in various instruments, you will be able to insure yourself against unforeseen situations and not lose all your capital.
Income on deposits. The simplest and most understandable method of investing is opening a bank deposit. The advantages of this approach include the fact that in any case, the client always remains “in the black”. You can open a deposit even if you have a small amount of money at your disposal. In most cases, the interest rate depends on the deposit retention period. The shorter its duration, the lower the percentage. In domestic banks, this indicator ranges from 0.4-3.5% per year. Of course, if you keep about 10 thousand US dollars on deposit, the profit will be small, but you can extend the term and increase the amount. It is worth noting that if the deposit duration is more than 10 years, the capital will increase by more than 25%.
The disadvantages of investing in bank deposits include low income. However, do not forget about their reliability, since the activities of any banking organization are regulated by the state. In the event of bankruptcy, depositors can count on compensation. This rule applies not only to deposits in UAH, but also in any currency.
How to invest hryvnia in gold?
If you have accumulated 10 thousand dollars, then this amount will be quite enough to invest in precious metals. This area is suitable for long-term investments, approximately from 6 to 20 years. Gold is an instrument that becomes more expensive over time. Of course, there are also short-term drops in its price.
To invest in gold, it is not necessary to buy a whole bar, as many people think. You can bring currency to any banking institution, which employees will “transfer” to the precious metal at the current exchange rate. If the client wants to receive their savings, they will not take the metal, but cash and accrued interest.
Where to invest $ 10,000-franchising
Many people want to start their own business. Of course, there are both advantages and disadvantages in this area. Some people are afraid to take risks, as almost 90 percent of new companies close after a year. In order not to get into a mess and not to waste your money, you should pay attention to the franchise. You sign a contract with the network owner and will be able to use an already well-known brand. Before signing the agreement, be sure to read the terms and conditions under which these rights are granted to you. The network owner provides the buyer with instructions on how to open and manage a business. For this opportunity, the buyer transfers royalties to the copyright holder’s account on a monthly basis.
To buy a franchise, 10 thousand dollars will be quite enough. The client gets a working business model at his disposal and in a few years will be able not only to recoup his investments, but also to start making a net profit. The disadvantages of these investments include a lack of freedom of action. In other words, you will not be able to change suppliers and contractors, add or reduce the product range. The Client undertakes to strictly follow the recommendations of the TM copyright holder.
Today, the most popular areas for franchising are catering establishments, beauty salons, dry cleaners, various clubs, children’s centers and medical laboratories.
Where to invest $ 10,000 – securities
In many post-Soviet countries, you can invest even a small amount in securities. They can be purchased on the stock exchange independently or use the services of a broker. Also, in some countries, it is possible to work on the foreign stock market. For example, in Ukraine, such activities have been allowed since 2019. The stock market is regulated by a specially created National Commission. Participants show an increased interest in buying shares of joint-stock companies and OGVZS.
If you are investing your savings for the first time, then be careful. Pay special attention to the availability of a merchant’s license, as well as read the terms of the agreement. When all the necessary procedures are completed, the investor can only wait for the expiration date of the shares. The funds will then be credited to the buyer’s bank account.
If you have $ 10,000, where can I invest it?
Because of the pandemic, most people have returned to the old, but proven method – they began to keep money at home. This approach has its drawbacks:
- cash does not generate revenue;
- money can be stolen.
However, you should take into account the fact that in times of crisis, cash is a financial cushion.
Before starting an investment activity, you need to decide on the currency. Experienced depositors advise you to choose several currencies at once, for example, dollars, euros and yuan. US dollars are considered one of the most liquid currencies. The euro has no prerequisites that will lead to a decrease in its value. And the choice of yuan is due to the rapid development of the Chinese economy. Get acquainted with the demand for various currencies and only then make your own investment portfolio. Liquid currencies are considered the most profitable.
The investor’s goal is to buy cheap and sell expensive. You can play in the currency markets. Experienced participants can earn a profit equal to 25% of their investment in just a few days. You can also purchase currency at currency exchange offices. Such investments are a great way to get a high income, but they will require special knowledge.