Investing is a constantly revolutionizing space. Beginners who are just finding their feet in the stock market or cryptocurrency trade are, counter to popular belief, not inherently at a disadvantage as they learn the trade and market mechanics. This is because the market is constantly reinventing itself with new assets, means of creating long term profits, and companies going public that stand to shake up the typical flow of “business as usual.”
Mix in the immense weight of current events on stock pricing and market movements at a macro level and it’s clear that there’s no “right time” to get into the market, aside from “right now!”
The future of investing looks bright. New investors looking to make a splash with their portfolios are poised to lock in great profits, but only if they can leverage existing data and a consistency in research that all successful investors share as a commonality. Last year, the markets took a significant hit as a result of the coronavirus pandemic, and yet the market has stormed back to new heights in just a few short months. Clearly there is something happening in the financial sector that bodes well for continued performance. Getting into the market now provides you with the best opportunity for long term profits.
But what commodities and asset classes will outperform the average? Read on to understand about a few great options for your future investments.
Gold mining companies are a unique industry that has continued to grow substantially over the last few years. This year, Alamos Gold Inc. (NYSE:AGI) boosted its dividend by 25% and enjoyed a significant margin of growth at the same time. Alamos is a unicorn in the miner arena. The firm doesn’t use cyanide in its drilling and extraction processes, and has committed to reducing reliance on diesel generators and other dirty power options. Indeed, the Mulatos Mine in Mexico has rewired the entire operation to run on cleaner energy coming directly from the power grid rather than internally within the worksite itself.
In addition to Alamos’ primary mining sites (the Young-Davidson and Island Gold Mines in Northern Ontario and the Mulatos Mine in Mexico), the Alamos Gold, Turkey development projects are signaling huge growth in the coming future as well. Extracting hundreds of thousands of ounces of gold per year is par for the course of a large network of gold mining subsidiaries, but the Kirazli project in the Republic of Turkey is poised to accomplish this feat while providing a huge boost to Alamos’ cash flow. The Kirazli project is set to deliver ounces at an industry leading cost basis that will launch Alamos to new heights.
In addition to gold miners and ounces of bullion in gold and other precious metals, a number of other assets have made their way into the mainstream market with a head of steam. Cryptocurrencies are a huge new commodity trading option that millions of Americans, Canadians, and many others are capitalizing on. Crypto assets like Bitcoin (wrapped BTC), Ethereum (ETH), and Litecoin (LTC) are massive growth commodities that offer a fantastic structure for portfolios looking to capitalize on swing trading and momentum strategies.
Yet for the cryptocurrency trader, it’s important to bring in significant research in order to make smart decisions regarding investment strategy. A platform like CryptoVantage is a great ally for a crypto trader looking to make a splash (see more at cryptovantage.com). Bitcoin, Ethereum, and other cryptocurrency assets move fast on the market, and price swings can often seem arbitrary. Building a coin profile with your own research is the only way to lock in a winning trading strategy that will see you taking advantage of the huge upward momentum that these coins possess.
Investing is the only way to grow substantial wealth over the long term. Take advantage of all that the market has to offer.