As we move into the New Year, it is time to reflect on the past 12 months and while 2020 will be remembered as the year of the Coronavirus, there were also some great investment performers, which we will review in this article.
This was the top performer in 2020. If you invested in Bitcoin in January 2020, you would have tripled your investment at the end of December of the same year.
A return of over 300% is definitely not something to miss and if you got on the Bitcoin train, congratulations, and if you didn’t, then Bitcoin might still be a good investment, as no one can be sure when it will peak.
We are certainly heading for a cashless society and it does seem like Bitcoin is the number one cryptocurrency.
If you check the gold bullion price, you can see how well this commodity has done in the past 12 months. When the economy is uncertain, many investors turn to gold bullion to store their wealth and 2020 was no exception.
Gold and other precious metals will continue to provide a safe haven for private investors as we move into 2021 and with a Google search, you can be talking to a registered gold bullion dealer.
You may want to consider putting your money in silver bullion Adelaide offers as well. If you live elsewhere, you can start doing research on your country’s most reputable precious metals dealer.
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While there was a tense couple of months in March and April, the rest of 2020 saw real estate prices continue to rise, and as we all know, land does not propagate, there is a finite amount available. Many businesses have not managed to survive the lockdowns and are now looking to sell at a cheap price, which does provide a good opportunity to turn a profit, should things return to normal in the coming months.
Stocks and Shares
If we look at sectors that did well during the pandemic, we see that PPE manufacturers saw huge profits, indeed, they still are, trying to keep up with the never-ending global demand. The tourism sector was perhaps the hardest hit, with airlines asking for government bailouts, while hotels and resorts have all but closed down in many parts of the world.
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If you invested in any of these companies, you will no doubt be happy with the returns, and if your stock has lost a lot of value, it might be wise to hang onto it, should there be a bounce back.
As we move into 2021, everything depends on how we handle COVID-19 and global economies recovered after the initial panic, to remain resilient.
To anyone who is looking for a sound investment at this time, gold and even silver bullion offer a safe haven with good returns.
If you bookmark a well-known bullion dealer’s website, you can check prices daily and by taking the many variables into account, plan to diversify your portfolio with gold and other precious metals.
What were your top investments in 2020?
This post was published in partnership with Mediabuzzer.