The pandemic of Covid-19 has affected almost every single industry in almost every single economy on the planet. At the same time, it forced most businesses and individuals to adapt to digital technologies asap if they hadn’t already. Combine this with the hype of cryptocurrencies and NFTs, and you have a mass confusion about where best to invest.
As always, there are some right, some wrong, and some horrible answers to this question. Let me explain what I mean.
Where to Invest in 2022
Stocks have always been thought of as a safe investment. But to truly secure your capital, you have to properly diversify your portfolio—and to make good profits, you have to research thousands of companies to find the most profitable ones.
But if the pandemic of Covid is any indication, the stock market can unpredictably crash at any moment, and no business is completely safe. Also, you need to invest fairly large amounts to earn good profits in the stock market. Nonetheless, the stock market is far better than some of the other markets people “invest” in, which I’ll discuss later in this article.
One promising area is that of online arbitrage. As an arbitrage trader, you buy select products from other vendors and wholesalers and sell them at a margin. The difficulty most people face in arbitrage is a lack of experience in retail. But the founder of Ascend Ecom, Jeremy Leung, makes it look pretty easy. He and his company buy products, prepare those products and send them to Amazon FBA for listing. He regularly shares his daily tasks at Ascend Ecom on his Instagram (@ecom.jeremy).
Where Not to Invest in 2022
Stocks investing is profitable because when you invest your capital in a company, it uses it to generate value. Your money leads to incremental innovation in the company, which increases the company’s value, and that of your stocks with it. Hence, the profits you make in the stocks market come from nowhere else but your own capital. Your capital leads to economic growth, which you lay claim to.
Cryptocurrency and NFT trading, on the other hand, serve no purpose in the economy. Crypto doesn’t lead to economic growth; it’s a medium of art and cryptocurrency exchange. Since capital used to buy Crypto doesn’t really lead to economic growth, calling it “investing” is a fallacy.
Trading in Crypto is, in fact, no different from gambling. An average trader has but a 50% chance of making money and 50% of losing it. Any money one trader earns comes from the pocket of someone else who lost some. At best, Crypto is a big Ponzi scheme. So, if you’re one of the people who, on the one hand, fear they’re the only idiot who hasn’t joined the metaverse yet while on the other, think the profits in Crypto sound too good to be true, now you have your answer.
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Company Name: Ascend Ecom
Contact Person: Jeremy Leung
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Country: United States
Website: https://www.ascendecom.com/
