The best platforms to invest in 2021

There are many ways you can invest your money today. Some options include trading in the stock market, investing in decentralized platforms, and lending your money peer to peer. Here’s where you should invest your money in 2020.

Where’s the best place to invest money now?

With all the options out there like real estate, bonds, trading cards, art, stocks, CDs, and savings accounts it can be daunting to get started.

But we’re here to help. If you’re just getting started here are the 3 of the best places to invest money now.

Where should you invest your money in 2020?
Where should you invest your money in 2020? (source: pxhere.com)

3 of the best places to invest money in now

Stocks

Stocks are one of the first investment options every investor looks into. On average, major stock exchanges like the S&P 500 yield 55% return over 5 years. Some stocks also provide monthly income in the form of dividends.

Simply by holding onto shares of a company, you receive interest. Average dividend interest rates are 4–6% annually, but some companies may pay more or less depending on how well they are doing.

Stock trading apps

Robinhood

Robinhood is a commission-free trading platform. Investors have many options to choose from, such as stocks, gold, cryptocurrency, and ETFs.

Etoro

Etoro is another popular trading platform. One interesting feature of Etoro is the ability to view other people’s portfolios. This makes it easy for investors to simply ‘copy and paste’ another person’s investment choices. Unfortunately, they do not service people located in Canada.

Cryptocurrency

You’ve hopefully at least heard of Bitcoin by now. Cryptocurrency is an explosive new investment option that you may want to look into.

Cryptocurrency operates similarly to stocks. You pick a digital currency you think will perform well (because you like the technology behind it), and invest your money into it. You can even use it as a form of collateral on some investment platforms, such as MyConstant.

Invest crypto on decentralized finance platforms

If you’re into crypto already, DeFi is one of the best places to invest money now. Platforms like Compound and Aave use cryptocurrency as a way to create automatic lending pools. In return, investors earn interest on the capital they put in.

Like all investments, DeFi carries risk. Unlike a bank, it is not centralized in any one location. You can think of it as a staircase with many steps — each step is controlled by a separate party. If any of those steps decides to run off with your money, say goodbye to your investment.

P2P lending

Have you ever received a loan from the bank? P2P lending works in a nearly identical manner, except instead of borrowing from the bank, you borrow from a pool of investors.

These borrowers get this money from investors like you. And you receive interest exponentially higher than what a bank would offer your savings account. P2P lending is quickly becoming one of the best places to invest money in now.

Where to invest in P2P loans for over 7% APR

One of the top P2P lending platforms today is MyConstant.

On our platform, investors mitigate risk with collateral. Here at MyConstant, we’re setting new standards in the online lending industry. We use cryptocurrency as collateral for all P2P loans, making it one of the best places to invest money in now.

Investing in things like stocks is volatile. No one can accurately predict what will happen, not even investing legend Warren Buffett. If you invest in the wrong company, you could lose a large portion of your money overnight.

P2P lending offers you steady returns at minimal risk. With loans being backed by liquid collateral, investors can lend their money with peace of mind.

You can also invest your cryptocurrencies for a return of up to 9% APY with no minimum investment. The rate and terms are all chosen by you. Withdraw anytime for free, with no fees, and no lock-ups. Our 24/7 customer service team is here to provide you with information and answer any inquiries. If you’re looking to invest with low risk, get started with MyConstant today.

Peer-to-peer lending built on peer-to-peer technology. Refer & Earn $10 myconstant.com/referral | Website myconstant.com

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