15 Great Investment Opportunities to Invest Your Money in 2024

Sanket Patil

Updated on:

great investment opportunities

The year 2024 can bring you prosperity if you fully make the best use of all the investment opportunities in the world.

It really does not matter what income bracket you fall in. Whether you are a coal miner or a million-dollar entrepreneur, you must invest your money in the right place so that you get the maximum return out of your investments.

15 Great Investment Opportunities in 2024

So read the following article for 15 great investment opportunities to invest your money around the world in the year 2024.

We have divided 15 opportunities into 3 different categories depending upon your income level.

The first category is for the high-income group, the second is for the very high-income group, and the last one is for the salaried class and low-income group.

So the following 7 opportunities are for the high-income groups.

1. US Equities

If you are looking for long-term investment in stocks or equities, then US stocks are the best for you.

Stocks of the emerging market are not looking very good. China’s industrial output and growth rate have been slowing down and other western markets like the UK, Germany, France, etc are not looking good because of Brexit.

However, the US market looks really good for a longer time period.

So if you are looking for higher returns after 3 to 5 years then you can start buying stocks of US companies like Google, Apple, Microsoft (technology stocks have lesser risk), etc listed on NASDAQ or S & P 500.

The amount that you can invest depends on your income. You can start from $1000 and go up to $1000000.

The return on the investment can easily be 10% to 20%. US equities are by far the safest bet.

  • Type of People Who Can Invest: People with a Yearly Income over $100,000
  • Investment Amount: $1000 – to $10,000
  • Investment Period: 5 to 10 Years
  • Return on Investment: 10% to 20%
  • Risks Involved: Medium to High

2. Investing in ETFs

investment opportunities in ETF

If you want to go for long-term investment in equities without taking much risk, then you can go for ETFs or Exchange Traded Funds.

An ETF invests in stocks that are constituents of an index.

If you feel that investing in the equity market is not safe, then ETFs offer you the flexibility of a stock and the protection of a fund.

There is a wide range of ETFs you can choose from. For example, stocks, bonds, real estate, commodities, currencies, etc.

ETFs allow you to diversify your investments. If you were planning to invest $5000 in buying stocks then with ETFs you can diversify your portfolio and break down the same investment amount into three like $3000 into S & P Depositary Receipts and $1000 each into gold ETF & Euro ETF.

However, the major disadvantage of ETFs is the brokering charges. Brokers can charge up to 10% per trade, which is a huge amount.

ETFs are an alternative to equities.

  • Type of People Who Can Invest: Yearly Income over $100,000
  • Investment Amount: $5000 to $10,000
  • Investment Period: Not Applicable
  • Return on Investment: 10% to 12%
  • Risks Involved: Very Risky

3. Mutual Funds

Mutual Funds

People always ask which is better: Mutual Funds or ETFs. The answer depends upon the type of investor you are.

If you are not an active investor and do not follow the market regularly, then the best investment option is Mutual Funds.

Investing in equities is a bit risky, but Mutual Fund comes with almost zero risk.

You can go for actively managed mutual funds which have no risk because your fund manager is going to make all the decisions.

You get to choose stocks from a wide variety of sectors.

Index Funds: Index funds allow you diversification, and the risk is not that high.

However, there is a fee for mutual funds, and they charge you an annual fee of 1.25% to 2%.

  • Type of People Who Can Invest: High Income over $125,000 Yearly
  • Investment Amount: $1000 to No Limit
  • Investment Period: 10 Years to 15 Years
  • Return on Investment: 10% to 12%
  • Risks Involved: Low Risk

4. Bonds

Bonds

Bonds are another way to invest your money if you are not sure about equities or mutual funds.

Bonds also offer you a wide range of options so that you can go for the right kind of bond that gives you higher returns.

In the US there are two types of saving bonds, series EE bonds give you fixed interest rates, and series I pay interest adjusted for the inflation rate.

For the EE series maximum amount is $10,000 per person per year.

Private Bonds: However if you live outside the US then you can buy other private bonds that are under government regulation and for 10 years period they will pay you up to 8% interest.

  • Type of People Who Can Invest: Medium Income Group
  • Investment Amount: $5000 to $10,000
  • Investment Period: 10 Years to 15 Years
  • Return on Investment: 8%+
  • Risks Involved: High Risk

5. Commodities like Silver, Gold

In this paragraph, we will talk about investing your money in commodities. Both types of commodities are physical like precious metals and ETFs.

The most precious is gold bullion and coin. The value of gold and silver fluctuates and there are a lot of risks involved in investing in Gold bullion 404.

You can buy gold bullion; bars or coins store in banks or homes and sell them to local jewelers whenever the right opportunity comes.

The usual return on investment can vary from 3% to 10% depending upon the market.

Right now 1 ounce of gold is sold at $1323. While buying gold you must avoid premium charges. At best premium charges should not be more than 10% otherwise you will not gain any returns while selling the gold.

If you don’t feel safe with physical gold then you can go for gold ETF.

  • Type of People Who Can Invest: High Income Household
  • Investment Amount: $5000 to No Limit
  • Investment Period: Over 10 Years
  • Return on Investment: 3% to 10%
  • Risks Involved: Medium Risk

6. Fixed or Term Deposit

Although the fixed deposit is not for high-income households still we have mentioned it here.

Term Deposit or fixed deposit is the safest way to invest your money. The interest rate that you earn on your investment is much higher than a saving account.

Countries like the United States, Japan, and Germany give very low-interest rates for saving bank accounts and fixed deposits.

If we talk of India then the investment period can start from 7 days (15 days, 45 days) and go up to 10 years.

The return on investment can be around 4% to 7.50%, depending upon your investment time period.

However, the returns on fixed deposits are taxable.

Banks deduct the TDS on interest if the interest amount for a Fixed Deposit is greater than Rs 10,000.

The tax rate is 10% if you have a Pan Card and without Pan Card, they deduct 20%.

So if you are looking for a long-term safe investment for 10 years with a 7% to 8% return then Fixed Deposits are the best.

Recurring Deposit: Common folks in India can deposit in a special kind of FD called recurring deposit, where people can deposit money every month just like EMI.

  • Type of People Who Can Invest: Salaried Class with Medium Income
  • Investment Amount: Up to Rs 500,000/-
  • Investment Period: 10 Years to 20 Years
  • Return on Investment: 7% to 8%
  • Risks Involved: Very Low

7. Company Fixed Deposits

The very people who do not like bank fixed deposits can go for a company or corporate fixed deposits.

The only reason to invest in Company FDs is higher interest rates. A best-rated Company FD provides much higher returns at 10% to 12% compared to Bank FDs.

In order to get higher returns, you have to choose the right investment period so you do not withdraw money before maturity.

However, things are not that simple.

Investing in a Company FD involves risk compared to a Bank FD.

Sometimes it happens that a high-rated Company FD gives you a low-interest rate compared to low rated Company FD because of the risk factor.

So if you are willing to long term investments with some risk then Company FDs are better than Bank FDs.

  • Type of People Who Can Invest: Salaried Class with High Income
  • Investment Amount: Rs 500,000 to Rs 100,00,00/-
  • Investment Period: Over 10 Years
  • Return on Investment: 10% to 12%
  • Risks Involved: Medium Risk

Now following investment opportunities in the list are for people with higher sums of income. I mean to say the minimum investment amount is $500,000 and the maximum is $1 million.

8. IPO

IPO

The first one is IPO (or Initial Public Offering), it is nothing but the stock market launch of a new company where stocks are sold to institutional or big investors and they in turn sell to the general public like you and me.

This could be the easiest and quickest way to get maximum returns on your investments. For investing your money you have to choose a company that is going to be a winner.

However, the risk is very high and only high-risk investors can think of investing in an IPO.

If you are an insider and have adequate knowledge about the company then you can afford to invest in IPOs. Otherwise, stay away from IPOs.

Investors can minimize the risk by doing thorough research and choosing an IPO that has a powerful underwriter instead of a less reputed one.

  • Type of People Who Can Invest: Income over $500,000 a Year
  • Investment Amount: $50,000 to $100,000
  • Investment Period: Not Applicable
  • Return on Investment: Not Applicable
  • Risks Involved: Very High Risk

9. Invest in a Growing Business

You may have heard about seed funding. Instead of starting a new business from the scratch why can’t you invest in a business which is going to be successful?

Please remember investing in a business is quite different than giving a loan. Here you give money and became co-owner of the new company or a start-up.

You are entitled to a percentage of the entire business and also to the regular income stream.

However, to invest in a business that is going to be successful, you have to make the right decision at the right time. Otherwise, you may lose your money.

You also have to take an active interest in the business and foresee whether the business model is going to work out or not.

There are a number of stories all over the world for the most valuable start-ups where investors earned even 1000 times the returns of their investment.

I am not saying that you have to invest in a start-up like this. But you choose a small company where you can make an investment of $50,000 to $100,000.

  • Type of People Who Can Invest: Income of $1 Million a Year
  • Investment Amount: $50,000 to $1 Million
  • Investment Period: 5 Years to 10 years
  • Return on Investment: Depends
  • Risks Involved: Medium to High Risk

10. Peer to Peer Lending

Peer to Peer to Lending is a new form of investment. It hasn’t been there for more than 5 years.

Here you lend money to others and they pay you back with an interest rate.

The interest rate depends upon the amount you are willing to lend. Usually, for investors websites like Lending Club are offering 5% to 7% interest.

Your investment can start from $5000 and there is no upper limit.

Peer to Peer lending can be risky because your money can go into default and you lose money.

Moreover, outside the USA there is still no concept of Peer to Peer lending.

  • Type of People Who Can Invest: Income over $25000 a Year
  • Investment Amount: $5000 to Not Limit
  • Investment Period: 5 Years to 10 years
  • Return on Investment: Depends
  • Risks Involved: High Risk

11. Real Estate

Real Estate

Investing in real estate can be the most valuable investment opportunity.

There are several ways you can invest in real estate.

The most common is buying the property directly. You purchase the property either for rent, capital gains on the sale, or to flip the house for a quick profit.

While buying a property, you have to take care of all of these things because you also have to factor in the taxes involved.

But the best way to invest is by buying a property and selling it for capital gains.

Here you have to look around the world where you think the price is low right now but it can soar in coming years.

For example, in Dubai, the rates are flat however property prices are rising in Manhattan, New York.

However, if you take Hong kong then in recent years prices have risen 137%. India is also a good market at present because of the falling property prices.

Therefore you have to look the right city and buy now so that you can sell for a high price later on.

  • Type of People Who Can Invest: $250,000 to 1 Million Annually
  • Investment Amount: Depends
  • Investment Period: Up to 5 Years
  • Return on Investment: High
  • Risks Involved: Medium Risk

The following investment opportunities are more suited for fixed-income people especially those who are retired or government employees living in the US and elsewhere.

If your investment amount is regular and you do not want to take any risk with your money then go for the following 3 opportunities.

12. Pension Plans or Public Provident Fund

Pension Plans

A provident fund is the most well-known form of long-term investment. If you are a common man with a median income then you are definitely going to invest in a provident fund.

The income is tax-free, and the interest you earn is over 8%.

Once you open the PF account in a bank or post office the money is put away for the next 15 years. You can extend the lock-in period for more than 5 years.

You earn a compound interest of 8% on this account.

However, you are allowed to withdraw an amount only after 6 years, before that you can’t withdraw any money.

PF is really great for people who work in a government sector where monthly income is fixed.

  • Type of People Who Can Invest: Low-Income Salaried Class
  • Investment Amount: Depending Upon Your Salary
  • Investment Period: 15 years to 20 Years
  • Return on Investment: 8%
  • Risks Involved: No Risk

13. IRAs and 401(k)

If you are looking for investment opportunities in other pension plans then IRA (individual retirement plan) and 401 (K) are the best options to invest in.

Although there are many types of IRAs but the best are the Traditional IRA and the Roth IRA.

If you are a conservative investor and do not want to take any risk investing your money then the Roth IRA is the best option. Your investment is 100% secured.

Roth IRA offers you more accessibility and the withdrawals in Roth IRA are usually tax-free while the Traditional IRA gives you no tax benefits if you withdraw money before retirement age.

Similarly, investing your money in 401 (k) also gives you tax benefits. However, investing in 401 (k) can be a rip-off due to high costs and poor investment choices.

  • Type of People Who Can Invest: Salaried Class
  • Investment Amount: $1000 to $5000
  • Investment Period: 5 years to 20 Years
  • Return on Investment: 5% to 8%
  • Risks Involved: No Risk

14. Treasury Securities like TIPS

If you are still looking for diversifying your investment portfolio then go for Treasury Securities.

Some of the commonly known treasury securities are bills, notes, bonds, and TIPS (or Treasury inflation-protected securities).

Bills and notes are for very short-term (for just a year) and bonds can be risky.

So the best option is TIPS. TIPS are best suited for people with regular income or salaried classes.

Here the principal amount is protected from inflation and it increases as the inflation increases and decreases with deflation.

Once you attain maturity you are paid either adjusted principal or original principal whichever is greater. Hence it simply means you do not lose any money investing in TIPS.

  • Type of People Who Can Invest: Salaried Class with Medium Income Range
  • Investment Amount: $100 Minimum Purchase
  • Investment Period: 5 Years to 30 Years
  • Return on Investment: 5% to 6%
  • Risks Involved: No Risk

15. Collectables

We have talked about investment opportunities for people with different household incomes. We mentioned about the high-income group, very high-income group, and salaried class.

But I did not talk about people who collect art as a hobby.

So my last investment opportunity is dedicated to people who are avid art collectors.

You can invest your money into artwork, antiques, coins, paintings, precious stones like emeralds, ruby, topaz, etc, and even wine.

There are buyers in this world who are willing to throw even $1 million for just one painting or artwork.

You as an investor must be smart enough to buy these collectibles at a lower price and sell it at a higher price.

  • Type of People Who Can Invest: Avid Art Collectors and Not for Everyone
  • Investment Amount: $1000 to $500,000
  • Investment Period: Not Applicable
  • Return on Investment: 50% to even 1000%
  • Risks Involved: Low Risk

So these were the 15 best investment opportunities for all kinds of people, low-income, medium-income, high-income, and very, very high-income in the year 2024.

FAQ

How to find investment opportunities?

There are several ways to find investment opportunities, including researching different markets and industries, building a network of contacts in the investment community, using online resources, utilizing online investment platforms like Kickstarter and Indiegogo, consulting with a financial advisor or wealth manager, and looking for undervalued assets. It is important to conduct your own research and due diligence before making any investment decisions, as all investments carry some level of risk.

What is the best investment right now?

The best investment right now depends on an individual's risk tolerance, investment goals, and time horizon. Popular areas currently include technology companies, real estate investment trusts (REITs), and cryptocurrency, specifically Bitcoin and Ethereum. However, it's important to remember that all investments carry some level of risk and it's recommended to consult with a financial advisor or professional before making any investment decisions, and also diversifying the portfolio is crucial for the long-term success of the investments.

Where to invest money to get good returns?

When it comes to investing money to get good returns, some popular options include the stock market, real estate, bonds, mutual funds, ETFs, alternative investments such as private equity and venture capital, and cryptocurrency (Bitcoin and Ethereum) . However, it's important to remember that each option comes with its own set of risks and potential rewards, and it's always recommended to consult with a financial advisor or professional before making any investment decisions. Diversifying the portfolio across different investments to spread risk and maximize returns is also crucial.

What are the different types of investments?

There are various types of investments available, including stocks, bonds, real estate, mutual funds, ETFs, alternative investments such as private equity and venture capital, and cryptocurrency (Bitcoin and Ethereum). Each type of investment has its own set of risks and potential rewards, it's important to consider an individual's financial situation, risk tolerance, and investment goals when choosing which types of investments to include in a portfolio. It's always recommended to consult with a financial advisor or professional before making any investment decisions.

Where should I invest my money to grow fast?

Investing in the stock market, startups, cryptocurrency, and real estate can provide higher returns over a shorter period of time, but it's important to be aware of the potential risks involved. The stock market is subject to market fluctuations and can be volatile, investing in startups can be high-risk as most fail, cryptocurrency is highly volatile and not yet fully regulated and real estate market is highly cyclical and affected by various factors.

6 thoughts on “15 Great Investment Opportunities to Invest Your Money in 2024”

  1. I interested in long term invest but how much can I invest in PNG kina a year or monthly.

    Thank you very much

    Reply
  2. Just trying to get my head round some figures and doings a bit of research at the moment.

    Reply
  3. It is wonderful going through all the best fifteen. I have fair idea about which ones to go for. I will be investing in them in the few weeks time.

    Thank you

    Loven Forapi
    PNG

    Reply
  4. I have and investment opportunity, far better than the 15 options mentioned, something out of the blues. Particularly for retired or about to retire people.

    Reply

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