Advancement of technology and internet penetration has put market research and observation on the tips of fingers. While it helps to make an informed choice on investments, it has also brought new alternative investment options along.Cryptocurrencies
Blockchain is a technology that has brought with itself a range of cryptocurrencies. The popular amongst them include Bitcoin, Ethereum, Litecoin, and Dogecoin. The prices of cryptocurrencies have shot through the roof, and a lot of people are getting lured by their soaring prices. However, they are volatile, and speculation without caution could lead you to lose all your investments. The Government of India, time and again, has issued an advisory against speculating in cryptocurrencies.
Peer-to-peer (P2P) lending is another new age alternative for investment. It connects verified borrowers seeking unsecured personal loans with investors looking to earn higher returns on their investments.
P2P lending got legal status in India, early this year, with the Reserve Bank of India treating P2P lending companies as non-banking financial companies (NBFCs).Equity Crowdfunding
If you do not wish to start your own business, you can always have an option to invest in a potential business plan. There are lots of startup companies who need initial capital and investing in one can certainly give good returns in future. The concept is simple - as an investor you buy an X number of shares in a startup company, once you own a significant part of it you start to reap benefits when then the venture succeeds.
Fixed Deposit (FDs)
Though an old-school investment option, fixed deposits still are considered as the safest option. The returns are assured and determined at the time of investment. Bajaj Finance Fixed Deposit provides excellent interest-rate which look even more promising for senior citizens. Calculate your gains using the online Fixed Deposit Interest Calculator
Passion investment refers to putting your money or rare items, which may include wine, art, antiques, cars, jewellery (through investment) of that which is rare. Investors accumulate rare items and sell them for a higher value over a period.