[url][/url]Seventeen days into the new decade and you are already backtracking from our new year resolutions? Come on now, its waaay too early! Making resolutions and decisions always seem easy, following up with actions is always the hard part. With the new year finally upon us, you may be aching to make some significant changes in your life. Maybe you want to start exercising more often, take better charge of your finances and taking better care of your health or perhaps you want to spend more quality time with your family.

And maybe, just maybe, you’re starting to feel like 2020 is the year you should finally start investing your money for long-term growth. You may have saved up a respectable sum of money in a high-interest savings account, but you know that saving cash isn’t enough and that money needs to reap in some more cash for you. The probing question is, where should you invest your money? This question bugs beginners just as much as it does pros.

Money, Grow, Interest, Save, Invest, Shares, Funds

According to Raj Sharma, a private wealth adviser who has been on Barron’s list of America’s Top Financial Advisors for 16 straight years through to 2019 and can also be found on Forbes’s 2019 Top 100 U.S. Wealth Advisors.

“The emerging consumer market is a very durable investment theme,” Sharma also notes that the developed world’s population is shrinking and getting older, but emerging markets like India and Africa hold huge opportunities given the vast numbers of younger people. It is worthy to note that Nigeria has over 200 million people and 55% of the nation’s population is under 35 years old. Investors can do well in this market by figuring out what those consumers need and how to improve their lifestyle with those needs. Although no investment is a guaranteed yardstick to successful returns, here are 5 of the best investment options for 2020.

Read Also: Stay winning in 2020

1. PAYING OFF DEBTS

Let’s start by reiterating the popular saying, Health is wealth. You don’t sleep well when you have huge debts on your mind, when you don’t sleep you are causing health complications for yourself. Like it or not, staying debt free is the best investment you can do for you in 2020.

Related image

Don’t forget that your wealth is determined by your assets and your liabilities. So, invest all you want, but don’t forget how your debts may be dragging you down. If you have some debts from 2019 on your books, it’s crucial to create a plan to squash those balances this year — or at least as soon as you can. Unfortunately, this isn’t always a simple feat when you consider the interests steadily pilling on your debts daily.

By paying off debt, you have increased your creditworthiness and helped put more money in your pocket now and later. Plus, there are additional benefits that come with paying down debt. Paying off debt can reduce your utilization and improve your credit score as a result. A better credit score can help you secure loans with the best rates and terms, which can save you money the next time you take out a loan for a home or a business project.

Read more>>>http://cellulant.com.ng/publications/top-5-investments-to-consider-in-2020/


Cc lalasticlala