3 Lucrative Investments to Make in 2018

With Christmas almost upon us, it’s time to look ahead to next year and start thinking about your goals for January and beyond. While the New Year’s Resolution fad might be dying a death, switching your calendar will likely still prompt you to re-evaluate your life and implement positive changes.

If your goals for next year are financial, you may be thinking about how to make your money go a little further or how to increase your income. Luckily, you don’t have to win the lottery or start a business to change your economic future. Here are three lucrative investment options that could improve your financial health in 2018. 

Vintage Wine

If you’re interested in wine (or even if you’re not), investing in vintages can be highly lucrative. Fine wine is a valuable commodity, but you will need to educate yourself about the nuances of the trade to further your chances of a return. Bear in mind that wine investment is no quick moneymaking scheme. In fact, most experts suggest you invest for a minimum of five years on a vintage bottle. Only put into the venture what you can afford to lose, and don’t underestimate the importance of properly storing your wine. Visit the Octavian Vaults website for more information on luxury wine storage.

Blogging

If you’re keen to get your ideas out there, starting a blog about a subject you’re passionate about is a fulfilling and frugal hobby, as well an opportunity to make over your career. You can create a website for free, or use an inexpensive web hosting service to get started and build your following using social media and search engine optimisation (SEO).

If you put enough time, effort, and research into this endeavour, your website could become profitable through the inclusion of ads, affiliate links, and sponsored posts. You could even think about selling products or services on your site. It takes time to create a successful blog, but as long as you’re updating it regularly and communicating with your followers, you can work on your website alongside your day job until it takes off. So, if you’ve always longed for a career based around your passion, becoming a blogger is a great place to start.

Commercial Property

If you have experience in the retail industry, investing in a commercial property could be a smart move, especially if you have more money than time to invest. Commercial buildings are less hand-on than residential properties, as the occupier usually takes care of the refurbishments and maintenance, so as a landlord, you won’t have much involvement. Currently, returns tend to be higher on semi-commercial properties (like offices or shops with residential flats above), so this might be your best option if you’re new to property investment. However, it’s always best to speak to a professional advisor before you start looking for commercial finance or decide on a location.  

With the New Year looming, it’s time to look for ways you can improve your financial health. If you have money set aside, investing it wisely could increase your capital and help secure a better future for you and your family.