Smart Ways to Invest Your Cash in 2020

Investing your money can bring you financial wealth quite substantially. Depending on the investments you choose, your return could offer a considerable amount of capital. Indeed, many people find that savvy financial investments offer a larger reward that their annual salary.

Of course, finding the right investment opportunities is key to making a decent return. If you’re thinking of making an investment over the next year, keep an eye out for these innovative ways to invest your cash in 2020…

Photo by Michael Wuensch
  1. Reduce your debt

Paying off your debt may not sound like much of an investment but it’s one that’s guaranteed to make you money. Depending on the type of debt you have, you could be paying an astronomical amount of interest. In many cases, people don’t even cover the cost of their interest by making a monthly payment. This means that their debt continues to grow, even though they’re paying their bills on time.

By paying off debts, such as credit cards and personal loans, you can save a significant amount each year. With no costly interest rates affecting your outgoings, you’ll have more to save and more to invest in other areas.


  1. Cryptocurrency

The rise of Bitcoin has fueled the mainstream interest in cryptocurrency, and it shows no signs of slowing down. As new automated platforms emerge, people are finding it easier than ever to trade in virtual currencies. 

However, it’s important to do your research before you get started. In a largely unregulated industry, there are plenty of rumours swirling around. Take Bitcoin Revolution and Richard Branson, for example. Despite appearing to be endorsed by well-known celebrities, no evidence of these alleged recommendations could be found. Even though many people continue to use the platform without any issues, this confusion over endorsement has made some potential traders wary.

With the right amount of research, however, you may find that cryptocurrency trading offers you a viable investment opportunity in 2020.


  1. Try marketplace lending

Sometimes known as peer-to-peer lending, this type of investment involves lending your cash to borrowers. With a specified interest rate, you can make money as borrowers pay off their debt. With numerous marketplace lending platforms to choose from, you can choose the level of risk you’re comfortable with and lend accordingly.

Marketplace lending has opened up new avenues for both lenders and borrowers. Whilst there is a change that your money could be lost, there are strategic ways of minimizing this risk. While you’ll want to learn more about how peer-to-peer lending works before you jump in, many people find it offers a decent return on their investment.


Choosing the right investment

Although you’ll be exposed to numerous investment opportunities in 2020, it’s important to find an investment that’s right for you. By matching the level of risk you’re comfortable with to the potential returns you could receive, you’ll find a viable way to invest your cash. If you do it well, you can look forward to starting 2021 with even more capital to invest with!



Founder, CEO at Addicted
Mark Munroe is the Creator and EIC of ADDICTED. He's ADDICTED to great travel, amazing food, better grooming & probably a whole lot more!