Digital investments: Modern ways to invest in the digital age

The internet has brought about all kinds of new ways to invest one’s money. Here are just a few strategies that modern investors are trying out.

Bitcoin

Bitcoin is a cryptocurrency introduced in 2009. ‘Cryptocurrencies’ are basically digital currencies, originally created to make international trade easier.

In the last few months, there’s been a lot of hype over Bitcoin – it’s risen almost tenfold in value. More of this digital currency is being ‘mined’ by users, expanding the scope for investment – some predict Bitcoin at $1 million dollars by 2020. Other cryptocurrencies meanwhile have also been seeing a rise in value. Now could be the time to make the most of this investment trend.

Peer-to-peer lending

Peer-to-peer lending is a means of borrowing and lending money online. Users go to these sites looking for loans and other users are able to lend them this money. Just like a traditional lender, users lending on peer-to-peer sites are able to earn interest on any money they lend. The great things about peer-to-peer lending sites are that you can choose the causes that you want to lend to.

You also don’t have to lend the full amount asked for – it’s possible to contribute a small amount along with a few other people. Obviously, the more you’re willing to lend, the more interest you could potentially earn. You’re best off using a well-established site such as Ratesetter. These sites have more security in place to protect lenders and ensure that payments are made by borrowers.

Micro-investment apps

You’re unlikely to earn big using micro-investment apps – these apps are designed to get people with little money into the swing of investing. Many of these apps are great for helping you save. Some apps round up all of your expenses to the nearest dollar and then put the leftover change into an account (for example, if a cup of coffee costs $3.14, this will be rounded up to $4 and the $0.86 extra change will be put into the account).

At the end of each month, the money that has been saved up in this account is then invested. This can help you to invest money without even realising that you’re investing it. Most of these apps cost very little to use – it’s worth shopping around first so that you know what you’re getting yourself into.

Social media shares

Social media sites like Facebook have skyrocketed in value over the last decade and are thought to continue this way for some time to come. Many investors have been putting their money into Facebook shares as a result. Not all social media sites are a stable investment – the rise and fall of Myspace proved this.

It’s worth doing some research before investing in social media shares in order to ensure a return.

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