Make Your Choice: 7 Best Ways To Make Money In 2022
7 Best Ways To Make Money In 2022: During the year 2021, the 30-share benchmark increased investors’ wealth by a remarkable 72 lakh crore. This year, the BSE Sensex made history by breaking beyond the 50,000-point barrier for the first time. It was also the year of record-breaking initial public offerings. Experts outline these opportunities for investors to gain more money in 2022 as we approach the year 2022.
The year 2021 was turbulent due to the covid pandemic. But the havoc created by the virus had very little effect on the stock markets. In fact, 2021 was a good year for the financial markets. Mutual fund investors were thrilled to see their investments churning out good returns in 2021. The 30-share benchmark has added a whopping ₹72 lakh crore during 2021 to investors’ wealth. The BSE Sensex made history this year by breaching the 50,000-mark for the first time ever. It was also the year of blockbuster IPOs. As we enter 2022, experts list out these options investors can make to make more money in 2022
1) Bitcoin & Cryptocurrencies
Cryptocurrencies are one of the booming investment areas in the current scenario, they are digital currencies that have no physical presence. They have proved to be one of the greatest investments along with crypto mining, as this technology keeps involving it is believed that cryptocurrencies might overtake traditional assets as an investment option. Cryptocurrencies like Bitcoin, Ethereum, Dogecoin have given massive returns recently, says Manoj Dalmia Founder and Director-Proficient Equities Limited
Dr. Ravi Singh, Vice President and Head of Research at ShareIndia, has five top stock recommendations for the year 2022, including PSU lender State Bank of India (SBI), GAIL, HDFC Bank, TCS, and ONGC.
3) Real Estate
According to Manoj Dalmia, Founder, and Director of Proficient Equities Limited, they are one of the most reliable investment alternatives available today. “Real estate is likely to flourish in the next few days,” he adds. “One may even go for REITs if the money is tiny.”
4) Co-working Spaces
Covid has impacted commercial real estate much. Due to which the property rates have touched an all-time low. Looking into the scenario, a better way to channel investments in 2022 is buying such a commercial property and turning it into a co-working space. Co-working spaces are the need of the hour as it includes no fixed charges and most offices are thinking of adopting it. As demand for co-working spaces potentially rises, you can consider buying office space and aim at yielding maximum profits as compared to other investments by renting it out as co-working spaces, says Nakul Mathur, Managing Director- Avanta India
5) Virtual Assets in Metaverse
According to Manoj Dalmia, Founder, and Director of Proficient Equities Limited, “metaverse has been a craze where individuals can acquire virtual assets on virtual worlds (metaverse), they even include plots of land, monuments, and parks being auctioned for millions of dollars.”
6) Senior Citizen Savings Scheme (SCSS)
SCSS is a post office savings programme for senior persons that provide investors with security and a predictable income. It’s also a tax-avoidance strategy. It’s ideal for retirees seeking a low-risk investment. Section 80C of the Internal Revenue Code allows for a tax deduction for investments in SCSS. According to Dr. Ravi Singh, Vice President and Head of Research at 7) share India, the current rate of interest given by this plan is 7.4 percent per year.
7) National Pension Scheme (NPS)
The National Pension Scheme (NPS) is a government-sponsored retirement benefits programme designed to provide all subscribers with a steady income once they retire. NPS is governed by the PFRDA (Pension Fund Regulatory and Development Authority). It is a voluntary programme open to all Indian nationals. You may choose or alter the POP (Point of Presence), investing pattern, and fund manager at any time.