Most of the people out there think that investing in stock is a sure way to become a lifetime investor and millionaire even at their old age. Well, this is not always the case. No matter how strong the economy is, no specific stock can ever claim to be the perfect and safe investment. Individual companies may get out of business; they may undergo management changes, internal fraud, lawsuits, competition, and technological changes among others.
So if businesses face all these types of risks and uncertainties, which are the safest investments to grow into? Let’s find out!
The U.s government treasury bonds are one of those investments considered to be 100 percent safe. This is because their returns are guaranteed and predictable. The certainty and predictability of investment are what determines if it’s worth it or not. A good example is to ask ourselves, what is the assurance that 20 years from now people will be using social media? But one thing we are sure about is that in the next 1000 years, people will need food. Some of the best investment areas are about basic human needs. These investment areas include;
Businesses founded along food products such as grains, beverages, food processing and packaging, and related products will always continue to make profits. The food industry is very essential to human beings and will continue to flourish. Investing in the food industry is one of the best investments you can make today. Besides food production and packaging, another critical sector to try your hand is in agribusiness.
Though fashion trends come and go, people will still need to wear clothes. When we exclude the dynamic and ever-changing fashion industry, the textile industry, in general, is a very lucrative industry. The textile industry is big enough and includes production, processing of raw materials such as linen, cotton, and silk, among others.
Fast-Moving Consumer Goods
Commonly abbreviated as FMCG, these goods include a variety of products we need on a daily basis such as soaps, cosmetics, toiletries, batteries, dental hygiene, paper products among others. Though the profit margins are low due to a lot of competition, this type of investment is still worth it.
Technology is the primary drive for innovation and for innovations to happen, technology must keep on getting better. The technology sector is large enough driving technology businesses such as manufacturing of hardware, computers, software, and systems. Companies that are making millions from technology include Google, Apple, Microsoft, and Facebook among others.
People will always be in need of health services. The population is aging fast, and with rapid developments in biotechnology, the health sector proves quite essential to invest. Even without a medical background, an investor may think of a specific area of the pharmaceutical industry and invest. These areas include drug manufacturing, institutional services, and biomedical companies among others. Regardless of economic conditions, people will always need medicines and medical services.